22 reactions
💥💥💥 Bitcoin slid under the $27,000 level early Wednesday, leading a broad decline in major cryptocurrencies as markets reacted to poor U.K. inflation figures 💥💥💥
🚧The core Consumer Price Index (CPI) for the U.K. came in at 6.8% in April. That was the fastest pace of core inflation since 1992, and sizably ahead of March’s 6.2% pace as well as the 6.2% consensus forecast. It’s the third consecutive month that U.K. inflation has come in hotter than expected and the news is likely to add to pressure on the Bank of England to keep raising interest rates in the coming months.
🚧The core Consumer Price Index (CPI) for the U.K. came in at 6.8% in April. That was the fastest pace of core inflation since 1992, and sizably ahead of March’s 6.2% pace as well as the 6.2% consensus forecast. It’s the third consecutive month that U.K. inflation has come in hotter than expected and the news is likely to add to pressure on the Bank of England to keep raising interest rates in the coming months.
| 77,000 mlx | |
| 87 | |
| 22 |