Sterling's election-led bounce breaks developing spiral

LONDON (Reuters) - The lift to sterling given by the prospect of a snap British election next month has, at least temporarily, broken a vicious circle of rapidly rising inflation that threatened to further undermine the economy and paint the central bank into a corner.

from Reuters: Top News http://uk.reuters.com/article/uk-britain-markets-sterling-analysis-idUKKBN17Z1TX?feedType=RSS&feedName=topNews