Economic news

Pound slides as doubts over rate hike rise

Sterling fell versus the dollar on Friday, as traders continued to estimate whether the BoE would increase interest rates for the first time in over a decade at its policy meeting on Nov.2.

The pound lost 0.4 percent versus the greenback trading at $1.3110.

The British currency stepped back slightly against the euro in early trading on Friday, losing 0.2 percent at 88.72 pence.


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