GBP’s Initial Gains Reverse Despite Hotter UK Inflation as Risk Sentiment Shifts
U.K. consumer price inflation rose to 3.4% year-on-year in December, up from 3.2% in November and slightly above the 3.3% market consensus, marking the first increase in five months. The uptick was driven primarily by higher tobacco prices following duty increases announced in the late November Budget and a sharp rise in airfares linked to Christmas travel timing, with…











