Pound Gains Against Dollar and Euro as Inflation Firms Rate-Hike Bets
Sterling rose slightly after hotter-than-anticipated inflation data strengthened expectations for a Bank of England rate hike next month. GBP/USD was up 0.1% at $1.339.
Sterling edged higher against the euro and dollar on Wednesday after inflation came in hotter than expected, reinforcing bets that the Bank of England will raise interest rates next month. Sterling FX:GBPUSD was last 0.1% higher at $1.339, near its highest level in about a…