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According to Reuters, sterling rose versus the US currency to around $1.5902 from $1.5881 after the inflation figures were better than forecasted.
But this has led to further doubt as to whether the Bank of England will implement additional monetary easing during the coming months.
What's more, short sterling futures from June 2011 have managed to stand flat today after gutting increases by four ticks.
This comes after the pound shed 0.6 per cent against the US tender yesterday to stand at $1.5722, below its 100-day moving average of around $1.5750.
The news provider pointed out sterling was still affected by the Rightmove property data release, which highlighted a weakness in UK housing.
But today, the FTSE 100 showed "little reaction" against the inflation figures as it was down 0.2 per cent at 5,850.52 by 09:32 GMT
Posted by Greg Secker
