Pound Rises as U.K. CPI Fuels Bank of England Rate-Hike Expectations
The pound strengthened slightly against major currencies after U.K. consumer price inflation rose to a one-year high in September, with motor fuel prices cited as a driver.
BRUSSELS (dpa-AFX) - The British pound strengthened slightly against other major currencies in the European session on Wednesday, as the U.K. consumer price inflation rose to a one-year high in September on motor fuel prices, fueled expectations on the Bank of England (BoE) rate hike.At its upcomin…