Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

http://www.businessweek.com/news/2012-11-13/pound-climbs-against-dollar-euro-after-u-dot-k-dot-inflation-quickens

Bloomberg News

Pound Climbs Against Dollar, Euro After U.K. Inflation Quickens

November 13, 2012

The pound advanced against the dollar and the euro after a report showed U.K. inflation accelerated more than economists forecast in October.

Britain’s currency strengthened 0.3 percent to 79.78 pence per euro at 9:33 a.m. London time and advanced 0.1 percent to $1.5898.

Consumer prices rose 2.7 percent from a year earlier, compared with 2.2 percent in September, the Office for National Statistics said in London today. Inflation was forecast to quicken to 2.4 percent, based on the median of 36 estimates in a Bloomberg News survey.

To contact the reporter on this story: Emma Charlton in London at echarlton1@bloomberg.net

To contact the editor responsible for this story: Paul Dobson at pdobson2@bloomberg.net


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus