Sterling Low Against the Dollar

Sterling hits 5-month low vs dollar of $1.5735

LONDON, Oct 12 (Reuters) - Sterling fell further on Monday, hitting its lowest level in almost five months against the dollar

on the view that UK interest rates will remain low and that the outlook for the British public finances remains bleak.

In early London trade, the pound GBP=D4 traded at $1.5735, its lowest since May and down 0.6 percent on the day.

Earlier on Monday it had fallen to a near six-month low against the euro EURGBP=D4 of 93.35 pence and to its lowest since late April against a basket of currencies at 77.6 =GBP.

Andy Bolton
Currency Exchange UK | Currency Exchange Online

Courtesy: uk.reuters.com/article/idUKLC11717820091012

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