Pound surges after falling gas prices halt US inflation - The Telegraph

8/10/2022 12:00:00 AM2 years 8 months ago

The pound jumped on Wednesday after a better-than-expected US inflation report spurred expectations the Federal Reserve will slow the pace of interest rate hikes.

The pound jumped on Wednesday after a better-than-expected US inflation report spurred expectations the Federal Reserve will slow the pace of interest rate hikes. Sterling jumped as much as 1.6pc in… [+1862 chars]

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