Economic news

Pound slips to three-week trough on economy, Conservatives conference

The pound slumped to an almost three-week trough versus the dollar on Monday after official data showed economy grew less than expected in the second quarter.

The pound dropped half a percent to $1.3323 versus the greenback, its weakest level since Sept. 14.

Against the single currency, the pound was virtually flat at 88.09 cents per euro.

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