
Talking Points:
- The Consumer Price Index (CPI) came in at 1.9%, slightly higher than estimates at 1.8%; core inflation also beat expectations at 1.7% versus the expected 1.6%.
-
Read more: Strong US Jobs and Inflation Data Boosts Gives the US Dollar a Short-Lived Rally
Sterling is currently at $1.335 against the US dollar, up 1.1% per cent from its opening levels of around $1.315.
Sterling sentiment improved dramatically this afternoon as the BoE struck a more
Read more: Pound v US dollar: GBP rallies as BoE meeting prompts rate hike speculation
The U.S. dollar is cooling off after a red-hot surge.
Though it rose in the weeks following President Trump's election victory last November, the greenback has steadily fallen this year. It's
Read more: Slumping US dollar at lowest level in nearly 3 years

