British inflation data offers support to struggling pound
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LONDON (Reuters) - The pound edged higher on Wednesday after inflation picked up in July, but the currency held within sight of a two-and-a-half year low as brewing concerns about a no-deal Brexit weighed on investor sentiment.The consumer price index rose 2.1% year-on-year in July from 2% in June, above a Reuters poll forecast of a 1.9% increase. The Bank of England's inflation target is 2%. "Stronger than expected UK CPI inflation data this morning has a modest impact on the short end of the..