However, this rate of price increase is still the highest for a G7 country. Sterling responded by falling against the dollar as investors lowered their expectations of interest rate hikes from the Bank of England.
Inflation slowed markedly in the UK in June, to 7.9% in a year from 8.7% in May, the Office for National Statistics (ONS) said on Wednesday.
However, this rate of price increase is still the highest for a G7 country. Sterling responded by falling against the dollar as investors lowered their expectations of interest rate hikes from the Bank of England.
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Source: BFM TV
