Pound Reacts to Rising Inflation Like EM Currency

Inflation in the UK is developing an acceleration stronger than expected. Estimates for March marked a 1.1% CPI gain for the month, above the 0.8% a month earlier and rebutting analysts’ hopes that the monthly price growth would slow to 0.7%. The year-over-year inflation rate has accelerated from 6.2% to 7.0%. As in most of […]

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