FTSE and pound rise as inflation jumps to 22-month high

Natalie Kenway
clock • 3 min read

Sterling rose 0.5% in morning trading, after it was revealed UK inflation climbed to 1% in September, a 22-month high, surpassing economists' expectations and forecasts from the Bank of England's August Inflation Report.

The Office for National Statistics (ONS) reported the Consumer Price Index (CPI) jumped to 1% in September, the highest level since November 2014 and above estimates of a 0.9% rise. Upward press...

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