British Pound Rallies to $1.34 as UK Inflation Surprises to the Upside
Sterling strengthened sharply against the dollar after UK consumer prices rose 3.1% year-over-year in February, above the 2.8% consensus. Traders now see the Bank of England holding rates at 5.0% through mid-2026, bolstering the pound.
Sterling strengthened sharply against the dollar after UK consumer prices rose 3.1% year-over-year in February, above the 2.8% consensus. Traders now see the Bank of England holding rates at 5.0% through mid-2026, bolstering the pound.
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