Pound rises to six-month high against dollar as US inflation slows

The pound can buy more dollars than at any point in the last six months after the US rate of inflation slowed to its lowest rate in nearly a year.

One pound could buy $1.24 on Tuesday afternoon, the highest amount since early June.

Mark Gibson

Graduates in Northwestern University, Evanston, Illinois 1990. Move to Los Angeles California in 2004. Specialized in Internet journalism.

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