Apple Hikes UK App Store Prices By 20% In Response To Plunging Pound
Ahead of Theresa May's speech, which catalyzed the biggest jump in sterling since 2008, the signs were already there that the British currency is facing upward pressure when December U.K. inflation was reported to have accelerated to the fastest pace in more than two years, driven by the tumbling pound which drove a surge in import costs. Consumer-price growth increased to 1.6 percent, the highest since July 2014, from 1.2 percent in November, and above the 1.4% consensus estimte.