Sterling spikes as inflation hits six-month high of 2.7%

Eight-week high against US dollar

Tom Eckett
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Sterling spikes as inflation beats expectations to hit six-month high of 2.7%
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Sterling spikes as inflation beats expectations to hit six-month high of 2.7%

UK inflation unexpectedly rose to 2.7% in August, beating analysts' expectations of a drop to 2.4% from 2.5% the previous month.

According to the Office for National Statistics (ONS), the Consumer Price Index (CPI) rose to its highest level since February, driven by increasing prices for transport services, clothing and recreational...

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