Sterling rose 0.5% in morning trading, after it was revealed UK inflation climbed to 1% in September, a 22-month high, surpassing both economists' expectations and forecasts from the Bank of England's August Inflation Report.
The Office for National Statistics (ONS) reported the Consumer Price Index (CPI) jumped to 1% in September, the highest level since November 2014 and higher than estimates of a 0.9% rise. Upward pressures...
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