Sterling edged back above $1.30 on Wednesday after data showed British inflation...
FILE PHOTO: Pound Sterling notes and change are seen inside a cash resgister in a coffee shop in Manchester, Britain, Septem,ber 21, 2018. REUTERS/Phil Noble
Consumer prices rose at an annual rate of 1.8% compared with 1.3% in December, not far off the Bank of England’s 2% target, the Office for National Statistics said. A Reuters poll of economists had pointed to a rate of 1.6%. Versus the euro, the pound had started the day down 0.25% but rose back to trade flat against the single currency.
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