Money
Pound hits highest level since 2016 Brexit vote after US midterms
Sterling reaches its strongest level against major currencies in over a decade, buoyed by political stability and US election results.
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Sterling reaches its strongest level against major currencies in over a decade, buoyed by political stability and US election results.
The Bank of England has raised interest rates for the first time in over three years, citing rising inflation driven by the conflict in the Middle East.
Analysts expect the Bank of England to lift the base rate to 4% amid rising fuel costs, impacting millions of borrowers.
UK inflation rose to 3.5% in September, driven by soaring fuel costs and Middle East conflict, raising pressure on the Bank of England.