Sterling Falls Only Briefly After Below-Forecast U.K. Inflation Data
Sterling briefly fell before it turned higher after data showed U.K. inflation eased modestly in December and Quilter Investors said while the data show signs of progress, much of this is negated once mortgage costs are factored in and the BOE might struggle to cut rates.
Sterling briefly fell before it turned higher after data showed U.K. inflation eased modestly in December and Quilter Investors said while the data show signs of progress, much of this is negated once mortgage costs are factored in and the BOE might struggle to cut rates.
