13 Apr 2011 9:43 PM
|Sterling slumps to a 5-month low against the Euro after UK inflation eases in March
Consumer price inflation data released yesterday morning showed the annual rate of price increases actually slowed last month for the first time in eight months to 4%. The markets were expecting the rate of inflation to have remained up at the 4.4% reported last month. This will further reduce the chances of an interest rate increase at the meeting next month and looking at the reaction of Sterling, it would seem the case as it fell against all of its major counterparts.