Editor
Sterling suffered a heavy decline on Wednesday, slipping to its lowest level in six weeks against the dollar as a sharper than expected slowdown in UK inflation eased the pressure on the Bank of England to keep raising interest rates.
The pound dropped as much as 1.5 per cent to $1.198, a level last touched in early January. The moves followed the release of data showing UK inflation fell to a five-month low of 10.1 per cent in January…
