WASHINGTON (Reuters) - Underlying U.S. consumer prices recorded their largest increase in 11 months in December amid strong gains in the cost of rental accommodation and healthcare, bolstering expectations that inflation will accelerate this year.
LONDON (Reuters) - Sterling rose more than half a percent to hit a four-month high against the dollar on Friday as investors dumped the greenback against a range of peers following strong euro gains but the pound lost ground against the single currency.
Investing.com – Retail sales eased forward as expected in December, official data showed on Friday.
The two-year Treasury yield jumped above 2 percent, marking a rebound to a key psychological level last seen just as the U.S. sank into the depths of the financial crisis in September 2008.
The UK economy grew at its weakest rate in five years in 2017, according to the latest forecast by PwC.
Next trading day's important events
- 13:00 (GMT 3) Eurozone - Trade Balance s.a. (Nov)
- USDJPY: 111.38
- EURUSD: 1.2144
- S&P 500: 2776.78
- NASDAQ: 7230.00