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The results were better than expected, leading the pound to stand at $1.5900 after the announcement was made, Reuters reports.
This came after it was up 0.13 percent at $1.5874, having hit a three-week high of $1.5911 earlier in the day.
What's more, the yearly consumer price inflation in Britain increased to 3.3 per cent - a six-month high - last month.
And this was an improvement on predictions of a 3.15 per cent rise due to higher food and clothing prices.
Michael Hewson, markets analyst at CMC markets, said these inflation results will probably be maintained going into the first quarter of next year.
This comes after the pound decreased by 0.6 per cent against its US counterpart yesterday as the former was still feeling the effects of the Rightmove property survey.
Posted by Greg Secker
