Sterling Soars, Dollar Slumps as UK Inflation Shocks Markets
JDR Securities | Market Insight – 15 May 2025 Sterling surged to its highest level in three years against the U.S. dollar on Wednesday, propelled by a stronger-than-expected U.K. inflation print. Consumer prices in the U.K. rose 3.5% year-on-year in April, up sharply from 2.6% in March and exceeding analyst expectations of 3.4%. Core inflation […]