Starting with the sterling pound, which is about to achieve a weekly gain against the dollar thanks to the strong economic growth data in the United Kingdom, where it recorded growth readings that exceeded expectations last November, which represents expectations that the Bank of England will continue with high-interest rates for the longest period until it can control inflation, which is still far away. About the goal you want to reach.
Data released today showed that the British economy grew at a rate of 0.3% last November, exceeding market expectations of 0.2%, which supported the pound’s movement against its major global counterparts.

After the US inflation data, which recorded a rate of 3.4%, higher than the expected rate of 3.2%, today's attention is turning towards the producer price index, that is, measuring the change in the prices of goods sold by manufacturers, which is expected to come at a rate of 0.1%, that is, less than the previous reading, which was By 0.4%. In addition to the initial unemployment claims, which also hurt the dollar because it recorded a reading lower than expected, which had a positive impact on the currency.

Philip R. Lane, a member of the Executive Board of the European Central Bank, whose speeches often contain indicators about the possible future direction of monetary policy, is scheduled to speak, after having supported previous comments from European Central Bank officials that reduced the possibilities of a European interest rate cut early this year.

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