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The pound soars after British inflation comes in hotter than expected, rising 0.7% in February...

The pound soars after British inflation comes in hotter than expected, rising 0.7% in February to a 4.4% annual rate. Short sterling futures go back to pricing in the first rate hike this Spring. Cable buys $1.6382. London shares are flat.
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  • David White
    , contributor
    Comments (4279) | Send Message
     
    CNBC: Retail price inflation, which is based on a longer-running index and is used as a starting point for many wage negotiations, rose to 5.5 percent from 5.1 percent, its highest since July 1991.
    22 Mar 2011, 07:30 AM Reply Like
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