Pound hits $1.30 for first time in a year after inflation dents interest rate cut hopes
![Pound hits $1.30 for first time in a year after inflation dents interest rate cut hopes](https://i.dailymail.co.uk/1s/2024/07/17/21/87464915-0-image-m-5_1721247208446.jpg)
Official figures showed inflation held firm at 2% - the Bank of England target - in June. But economists had expected it to fall to 1.9%.
Official figures showed inflation held firm at 2% - the Bank of England target - in June. But economists had expected it to fall to 1.9%.