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Published on 10 February 2017 in News - Pages by Raffick Marday

See the latest currency exchange rates for today, Wednesday, May 18th. Interbank rates were taken this morning at 07.15 and are indicative only. To get the best foreign exchange quotation you should consider using our comparison website to see who to use voted by you.

UK inflation hit 4.5% in April, an increase from March’s 4%, a 2-1/2 year high.

U.K. economy contracting in the fourth quarter of 2010 and hardly expanding in the first quarter 2011, coupled with cuts in government spending, the Governor of the Bank of England Mervyn King warns that in reacting too quickly to increasing UK interest rates could harm the economy.

Sterling jumped yesterday after a bigger-than-expected rise in UK consumer prices, investors acknowledged higher inflation will hardly lead to an interest rate anytime soon.

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