British inflation hits 10-year high, bolstering rate hike bets - NewsBreak
By Alvarez in Business
Updated 2 years ago
LONDON (Reuters) -British inflation surged to a 10-year high last month, according to data on Wednesday that will bolster expectations that the Bank of England will raise interest rates next month. Consumer prices rose by 4.2% in annual terms in October, accelerating from a 3.1% increase in September. Both the...