UK inflation sharp jump fuels expectations of rates hike

Retail sales expected to improve for the year to January.<p>Retail sales expected to improve for the year to January.</p>

British inflation surprisingly rose to a five-month high in June, causing government bond prices to tumble and the pound to rise as markets grew more confident that the country’s central bank could raise rates before the end of the year.

*For an X-Ray of the British economy, see our London correspondent last report.

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