Pound jumps as traders lock in an interest-rate hike after UK inflation's surprise rebound
rallied against the dollar Wednesday after fresh data showed that the UK logged a surprise flare-up in inflation last month.
The rebound in inflation comes a day ahead of the Bank of England announcing its latest interest-rate decision. But they're now convinced that the BoE will bring in another 25-basis-point hike following the reacceleration in consumer-price increases.
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