Dollar falls off 7-month highs; sterling rebounds

London

THE dollar slipped from a seven-month high against a basket of currencies on Tuesday, following US Treasury yields lower as a selloff in global bond markets took a pause for breath.

Sterling jumped one per cent in volatile trade after a British government lawyer said that Parliament would "very likely" have to ratify any deal to take Britain out of the European Union, and following stronger-than-expected inflation numbers.