Economic news

Pound extends decline to reach fresh two-week trough against dollar

The pound continued to decline on Tuesday, scaling fresh two-week nadir versus a broadly stronger dollar even though traders avoid widely selling ahead of this week’s Bank of England policy meeting.

Photo: Reuters

British currency dropped 0.6 percent below $1.39 for the first time since Jan. 22. Against the euro, the pound fell 0.3 percent to a three-week trough of 89.00 pence.

The poor state of the UK’s economy and fresh worries over its departure talks with the European Union have dragged down the currency recently.


To leave a comment you must or Join us


More news


Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree