Exclusives | Europe

Sterling down, UK bonds and stocks rally as inflation unexpectedly slows 

20 September 2023, 12:00 am
1 min read
FILE PHOTO: A bank employee counts pound notes at Kasikornbank in Bangkok, Thailand, October 12, 2010. REUTERS/Sukree Sukplang/File Photo

Reuters reported that the Sterling fell to its lowest since late May, while UK government bonds and stocks rallied on Wednesday as data showing inflation slowed more than expected in August raised the possibility that the Bank of England could pause rate hikes this week.