Sterling Near 17-Month High Against Euro, Rises Against Dollar
Sterling rose to a near 17-month high against the euro and turned higher against the dollar. U.K. headline and core inflation rose more than expected in September, to 3.5% and 2.8%, respectively.
Sterling rises to a near 17-month high against the euro and turns higher against the dollar. Data earlier Wednesday showed U.K. headline and core inflation both rose more than expected in September to 3.5% and 2.8% respectively, adding to the case for the Bank of England to raise interest rates. Me…