India, Feb. 19 -- The British pound strengthened against other major currencies in the European session on Wednesday, after U.K. consumer price inflation rose more than expected to a 10-month high in January.
Data from the Office for National Statistics showed that the consumer price index logged a 3.0 percent rise in January, following December's 2.5 percent increase. This was the fastest growth since March 2024. Prices were forecast to climb 2.8 percent.
On a monthly basis, the CPI edged down 0.1 percent, in contrast to the 0.3 percent increase in December. Economists had forecast a monthly drop of 0.3 percent.
Another data from the ONS showed that output prices rebounded in January after falling for four straight months. Output prices...