Market News
Pound holds firm as cooler inflation print spurs investor relief - REUTERS
By Alun John
LONDON, Jan 15 (Reuters) - The pound held steady on both the dollar and euro on Wednesday as the relief investors felt from a cooler-than-expected inflation print that sparked a rally in gilts outweighed the traditional relationship between the currency and yields.
The pound was choppy, but was last around flat on the day at $1.2209 as investors digested data that showed British inflation unexpectedly slowed last month to 2.5% year on year.