Sterling Stays Weaker After U.K. Inflation Data -- Market Talk

Dow Jones03-25 15:28

0728 GMT - Sterling stays weaker versus the dollar and the euro after the latest U.K. inflation data was in line with expectations. Inflation held steady at an annual rate of 3.0% in February while core inflation climbed to 3.2% from 3.1% January, as forecast by economists in a WSJ survey. The data are backward-looking, however, as the Middle East conflict has since pushed up energy prices. Higher energy prices have prompted markets to pivot towards pricing in interest-rate rises by the Bank of England despite tepid growth and a cooling labor market. Sterling falls 0.2% to $1.3390 and the euro rises 0.1% to 0.8663 pounds, both little changed from levels before the data. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

March 25, 2026 03:28 ET (07:28 GMT)

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