Pound dips against the US dollar as UK inflation figures are below expectations
Sterling dived from a rate of 1.254 to 1.244, yesterday when the inflation report came out.
The exchange rate has since climbed a little and is currently at 1.246.
The report by the Office of National Statistics showed that inflation was not rising as fast as initially anticipated.
In January, inflation had risen by 1.8 per cent on an annual basis - whereas forecasters had predicted a rise of 1.9 per cent.