Commenting on the inflation data, UK Finance Minister, Jeremy Hunt, said, “we can win the battle against inflation.”
Additional quotes
“Bank of England (BoE) has taken difficult decisions.”
“We are seeing the first fruits of the difficult decision but a long way to go.”
Market reaction
GBP/USD is off the lows but remains 0.58% lower on the day at 1.2957, at the time of writing.
