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Consumer prices in the UK in June did not change compared to May and increased by 2.4% in annual terms, according to the Office for National Statistics. Analysts had expected the first indicator to grow by 0.2%, the second one - by 2.6%. Annual inflation remains at 2.4% for the third consecutive month and remains above the Bank of England target of 2% for more than a year and a half. Without taking into account the price of energy, food, alcohol and tobacco, prices rose by 1.9% compared to growth of 2.1% a month earlier. Food and non-alcoholic beverages decreased in May by 0.5% in May, alcohol and tobacco products - by 0.1%, clothes and footwear - by 2.1%. At the same time, transport services rose by 0.8%, communication services - by 0.7%, health services - by 0.2%.
The euro reached its highest level since early March after the European Union agreed on a deal for a massive stimulus package to support the bloc’s economy from the coronavirus pandemic. The deal was finalized after a round of compromises ...
The euro steadied at four-month highs on the dollar after investors pinned hopes on the EU economic rescue fund as European leaders are expected to break a deadlock and agree on a deal. EU leaders had differing stands on the proposed 750 billion ...
The euro hit a four-month peak against the dollar on Wednesday on hopes that the European Union would implement economic stimulus and deeper fiscal integration to support the economy amid the pandemic. The euro rose to $1.1423, its highest ...
On Monday, world shares edged towards a five-month high and the U.S. dollar decreased in late trading as investors anticipated that the earnings season would see most companies beat revenue forecasts in light of the lifted coronavirus restrictions. The ...
The United States Labor Department reported on Thursday that jobless claims edged down to a near four-month low since last week, while 32.9 Million Americans collected unemployment benefits in the third week of June. The government agency ...
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