UK central bank is expected to raise interest rates at noon today, for the 11th time in a row, after inflation jumped to 10.4% in February
- UK inflation rise complicates Bank of England’s interest rate decision
Sterling has touched its highest level since the start of February this morning, as the City anticipates another rise in UK interest rates at noon.
The pound reached $1.2343, up three-quarters of a cent, as the dollar slipped following last night’s Federal Reserve decision.
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