Pound slips on inflation figures

From BBC - November 14, 2017

Sterling edged lower after UK inflation remained unchanged on October, confounding expectations of a rise.

CPI inflation held steady at 3% last month, the Office for National Statistics said, whereas analysts had expected it to rise to 3.1%.

Shortly after midday, the pound was down 0.1% against the dollar at $1.3104, and 0.6% lower against the euro at 1.1175.

The FTSE 100 share index was up 4.82 points at 7,420.

Tesco was the biggest riser on the index, up 5.8% after the competition regulator provisionally cleared its 3.7bn bid for Booker.


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