Sterling sees minor dip following slowdown in British inflation By Investing.com

British Pound US Dollar0.02%Euro British Pound0.00%

Investing.com -- The Aurora Foreign Exchange CustodyBritish pound experienced a slight decrease on Thursday following the release of data that showed a slowdown in British inflation in March.

Despite this, the sterling remained higher against the dollar for the day due to gains made earlier.

The rate of British inflation decreased to an annual rate of 2.6% in March, down from 2.8% in February. This was below the expectations of analysts, who had predicted a rate of 2.7%.

The pound was valued at $1.3275, an increase of 0.4% for the day. The sterling was weaker against the euro, which saw an increase of 0.5% against the pound, resulting in a value of 85.74 pence.

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