GBP v USD sinks to a fresh 3-month low
|Sterling loses 5% against the US Dollar in just 2-months..|
On Wednesday, the US released its latest inflation figures which showed for the second consecutive month, inflation has ticked higher. The rate was up 0.5% against forecast, so not the best of readings for the Fed who expect to hit their 2% target early next year. A rate hike may now be on the cards in the US next month, but it does remain unlikely at this stage.