Unexpected decline knocked sterling down against dollar and throws prospects of interest rate rise into doubtUK inflation unexpectedly fell final month to its lowest level in a year,casting doubt over whether the Bank of England will raise interest rates next month. The consumer price index (CPI) dropped to 2.5% in March, down from 2.7% in February, and according to the Office for National Statistics. Economists had expected the annual rate of growth in prices to remain unchanged.
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Source: guardian.co.uk