Sterling falls following inflation figures

Sterling exchange rates continued their poor start to the week posting losses against the Euro and the US dollar. We have now seen the pound fall nearly 2 cents against the Euro this week.

Sterling has come under pressure following inflation figures this morning which remained flat at 3% against an expected release of 3.1%.

If levels had risen it may have given more scope for the Bank of England to consider raising interest rates (as it did earlier this month) but with levels falling it means we are likely to see the the central bank remain relatively controlled with their movements from here on in.

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