Sterling was at $1.3491, a one week high against the dollar having jumped 0.5% on Wednesday after a jump in Britain’s October inflation piled pressure on the Bank of England to hike rates at its meeting next month.
Dollar takes breather from rally, hovers just off 16-month top
Sterling was at $1.3491, a one week high against the dollar having jumped 0.5% on Wednesday after a jump in Britain’s October inflation piled pressure on the Bank of England to hike rates at its meeting next month.
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