LONDON Dec 18 Sterling rose to its highest
since late September against the dollar on Tuesday just before
UK inflation data.
The pound rose to 0.3 percent to $1.6224, with more
gains giving it the potential to target the September peak of
It showed little reaction when the data was released and was
last at $1.6220. It showed the UK consumer price index held at
an annual 2.7 percent in November, slightly above forecasts for
The rise in inflation could add to expectations the Bank of
England will hold off from more easing for now.
(Reporting by Jessica Mortimer; editing by Anirban Nag)