"Breaking the back of inflation is as painful as it sounds," says Nicholas Kennedy, FX Strategist at Lloyds Bank. The UK ...
The pound to Australian dollar exchange rate has been under pressure since August, falling from 2.10 to 2.0 by late October.
The Bank of England is forecast to cut interest rates on three further occasions after Wednesday's soft inflation reading.
The British pound declined in value against the euro and dollar after the UK reported inflation fell in November, while ...
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