NEW: Euro, sterling knocked by global growth worries

22 Jun, 2022 - 14:06 0 Views
NEW: Euro, sterling knocked by global growth worries

The Sunday Mail

The euro and sterling fell on Wednesday as concerns resurfaced that interest rate hikes from major central banks to contain inflation run the risk of a sharp global growth slowdown or recession.

Data showing British consumer price inflation hit a new 40-year high at 9.1 percent sent sterling down almost 1 percent to a near one-week low of $1.2162, before it trimmed some of those declines. It was down 0.2 percent at $1.2254 at 1115 GMT. – Reuters

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