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Sterling little changed after US inflation and UK wage data
The pound struggled for direction on Tuesday after data showed US inflation slowed slightly in November and that British wage growth cooled in October. Sterling was last up 0.07% at $1.2563, having traded at around that level for most of the day. The euro was last up 0.22% at 85.93 pence. US consumer prices rose 3.1% in the year to the end of November, data showed on Tuesday, down slightly from a 3.2% rate in October. Month-on-month, prices rose 0.1%.
The pound struggled for direction on Tuesday after data showed US inflation slowed slightly in November and that British wage growth cooled in October. Sterling was last up 0.07% at $1.2563, having traded at around that level for most of the day. The euro was last up 0.22% at 85.93 pence. US consumer prices rose 3.1% in the year to the end of November, data showed on Tuesday, down slightly from a 3.2% rate in October. Month-on-month, prices rose 0.1%. 
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