Inflation falls – but not as much as expected

Inflation data out this morning showed a drop to 4.1% in November – not as low as many analysts had predicted.

The Pound rose slightly on the news, because the Bank of England will be less inclined to cut interest rates if inflation is running higher than anticipated.

That means the best exchange rates available this morning are slightly up on yesterday, for those of you needing to send money abroad.

Money transfers to Canada, for example, are buying a cent more per Pound than first thing this morning.