LONDON: The pound slipped slightly on Wednesday after data showed British inflation fell more than expected in April, having surged in March as the Iran war drove up energy prices.
Sterling was last down 0.07% at $1.3384. The euro was flat against the pound at 86.65 pence.
Headline CPI inflation came in at 2.8% in April, data from the Office for National Statistics showed, down from 3.3% in March and below economists’ expectations of a 3% reading.
Comments