U.K. inflation rose to 1.2% in November, beating analyst expectations for a 1.1% increase and marking the highest rate since October 2014. Meanwhile, U.K. Chancellor Philip Hammond has backed a longer period to manage a “soft Brexit,” suggesting for the first time that Britain may need until beyond 2019 to break away from Brussels, which would help reduce the risk of financial disruption. Sterling +0.2% to $1.2708.
U.K. inflation rose to 1.2% in November
