“Shop prices accelerated in May at the fastest rate in more than a decade, according to new figures that reveal the pressure on retailers to pass on the cost of rising energy bills and the soaring price of imports,” said The Guardian following the data release.
The news also adds, “Fresh food prices were the most affected by rising costs, with farmers reporting that they were struggling to cope with the rising cost of labor since Brexit and the escalating price of fertilizer since Russia’s invasion of Ukraine.”GBP/USD holds onto the day-start recovery moves around 1.2610 following the news suggesting further upside to track.Information on these pages contains forward-looking statements that involve risks and uncertainties.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: VogueRunway - 🏆 705. / 51 Read more »
Source: NylonMag - 🏆 697. / 51 Read more »
Source: VanityFair - 🏆 391. / 55 Read more »
Source: Forbes - 🏆 394. / 53 Read more »
Source: Variety - 🏆 108. / 63 Read more »
Source: Variety - 🏆 108. / 63 Read more »