Pound Sterling gains as hot UK inflation raise doubts over BoE dovish prospects
The Pound Sterling retreats after facing selling pressure above the round-level resistance of 1.2700 against the US Dollar.
Inflation hits 2.3% in October, driven by higher energy bills and housing costs
The rate of consumer price inflation (CPI) hit 2.3% in October, figures from the Office for National Statistics show ...
BOE Hits the Pause Button Until February
An October inflation spike confirms the central bank’s go-slow approach to lowering borrowing costs. Marcus Ashworth is a ...