Social Items

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.

source

Sterling loses 5% of its value in two weeks

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.

source

No comments