Euro sags against sterling after eurozone inflation cools
Source: Reuters
LONDON, Nov 30 (Reuters) - The euro retreated against the pound on Wednesday after data showed euro zone inflation cooled off by more than expected in November, reinforcing the case for a slowdown in European Central Bank rate hikes next month.Consumer prices in the 19 countries sharing the euro grew by 10.0% after a 10.6% increase in October, well below expectations for 10.4% in a Reuters poll of analysts.The…
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