Uk Output Pressures Stoke Fear of Inflation Ons Data Helps Send Sterling to Year's High Against Dollar
Linked as:
Summary
THE pound rose to a year high against the dollar after official figures stoked fears that the soaring prices of oil and other commodities were generating inflationary pressures in the supply pipeline.
According to the Office for National Statistics, manufacturers were hit by the steepest rise in raw material costs for nine months in April, when prices rose at 2.5-per cent.See the full content of this document
Extract
Uk Output Pressures Stoke Fear of Inflation Ons Data Helps Send Sterling to Year's High Against Dollar
This was twice the rate expected by economists. It meant that input costs rose by 15.7-per cent in the 12-month period to ...
See the full content of this document
Sponsored links
