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The pound slides after soaring food prices drive UK inflation back to a 40-year high of 10.1%

The British pound dropped below $1.13 against the dollar Wednesday after UK inflation jumped back to a 40-year high. The UK consumer price index climbed to 10.1% in September, figures released Wednesday by the Office for National Statistics showed. That compares with a reading of 9.9% in August, and …

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