LONDON—The euro rose for a third consecutive day on Wednesday, coming off a 20-month low last week, as eurozone inflation rose to a new record last month fuelling bets the European Central Bank might raise interest rates sooner than expected. At 5.1 percent in January, price growth is more than twice the ECB’s 2 percent target. The euro has slipped almost 8 percent in three months, dented by expectations that the ECB would be the last major central bank to raise interest rates after it shrugged off inflation for months and argued that temporary factors were behind the rise. The euro strengthened by 0.3 percent versus the dollar to $1.13050 after the data was released as investors assessed the chances that the ECB might signal a faster path for policy tightening at its meeting on Thursday. Ulrich Leuchtmann, head of foreign exchange at Commerzbank, said the money market was now …