(Bloomberg) -- The U.K. pound fell after a report showed inflation slowed last month, easing pressure on the Bank of England to keep raising interest rates.
The pound was near its weakest in a month after a report showed consumer prices rose 2.8 percent from a year earlier after a 3.1 percent rate in March, the highest in a decade. The pound gained earlier as the Royal Institution of Chartered Surveyors said the cost of homes rose, strengthening the case for Bank of England rate increases.
Read more at Bloomberg Currencies News
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