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Business · 1 hour ago

Pound holds steady against dollar and euro as UK inflation hits 3.1%

Pound holds steady against dollar and euro as UK inflation hits 3.1%

The consumer price index climbed to its highest level since March on Wednesday, driven higher by energy costs. Andrew Wishart, a senior UK economist at Berenberg, said the figures show little sign of a broader price increase. Markets are now waiting for the Bank of England's interest rate announcement on Thursday.

Reported by Reuters · How we write briefs

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