India, July 22 -- The British pound weakened against other major currencies in the European session on Wednesday, after U.K. consumer price inflation slowed in June to the lowest since March last year.
Data from the Office for National Statistics showed that the U.K. consumer price index climbed 2.6 percent year-on-year in June, slower than the 2.8 percent increase in May. Prices were expected to climb 2.7 percent.
On a monthly basis, consumer price edged up 0.1 percent, as expected, compared to an increase of 0.2 percent in May.
For comments and feedback contact: editorial@rttnews.com
Published by HT Digital Content Services with permission from RTT News....