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Find all the economic and financial information on our Orishas Direct application to download on Play StoreAfter data showed that British inflation is much more persistent than expected and much higher than anywhere else in Western Europe, sterling fell on Thursday, highlighting the threat to a D& economy already fragile.
The data released Wednesday indicates that overall inflation fell to 10.1% in March from 10.4% in February, but it was well above expectations that it would fall to 9.8%. The pound remained stable against the dollar, at $1.244, and fell by 0.1% against the euro, to 88.19 pence. It has been the second best performing G10 currency against the dollar since the start of the year, with a gain of 2.67%, just behind the Swiss franc, which gained 3% in due
time.
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