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U.K. inflation accelerated in July

U.K. inflation accelerated in July and there were signs of further price pressures with the weak pound leading to the biggest jump in import costs since 2011. Consumer-price growth picked up to 0.6% from 0.5% in June, and a 0.6% rise compared to the same period last year. This week will also give some further signs of how the U.K.’s economy is faring post-Brexit: Unemployment data for July is due tomorrow, followed by retail sales on Thursday and public finance data on Friday. Sterling +0.7% to $1.2970.