The pound lost 5% of its value in two weeks, after continuing its losses on Tuesday to drop from 1.37 dollars for the first time in three and a half months.
The decline came on Sunday after data showed slowing growth in the UK's # manufacturing sector to its lowest level in 17 months.
The data is the latest in a series of modest economic figures, and has reduced the chances for the Bank of England to raise interest rates when it meets next week.
The Sterling, already struggling against a recovering dollar, slipped 0.6 percent to $ 1.3683.
The currency is about 5% lower than the peak after the referendum on the breakout from the European Union 1.4377 dollars registered on 17 April last.
The decline came on Sunday after data showed slowing growth in the UK's # manufacturing sector to its lowest level in 17 months.
The data is the latest in a series of modest economic figures, and has reduced the chances for the Bank of England to raise interest rates when it meets next week.
The Sterling, already struggling against a recovering dollar, slipped 0.6 percent to $ 1.3683.
The currency is about 5% lower than the peak after the referendum on the breakout from the European Union 1.4377 dollars registered on 17 April last.
source

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