‘Sterling at juncture’ as US Federal Reserve meets

Inflation at zero, rather than a forecast -0.1%, was not enough to shift sterling out of tight ranges on the run in to tonight’s US Federal Reserve meeting, widely expected to raise interest rates for the first time in almost a decade.

The pound wavered marginally after the November data showed consumer prices stood flat on the month.

It was up 0.15% at $1.5165, while dipping around the same margin to 72.725 pence per euro.