Sterling falls to 6-month low after weak British data | Reuters

17 hours ago · The pound tumbled on Friday after data showed British business output in November shrank for the first time in more than a year, and retail sales also fell by much more …

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Pound Tumbles To 6-month Low After UK Business Output Shrinks In ...

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11 hours ago · Retail sales data revealed a 0.7% drop in volumes for October compared to September, the steepest decline since June and worse than anticipated. While the pound …

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Sterling Hovers At Three-month Low After Weak Hiring Data | Reuters

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Sep 8, 2023 · The pound hovered just above a three-month low on Friday, and was set for a 0.9% weekly fall, after hiring data added to signs of a slowdown in Britain's jobs market.

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Sterling Finds Footing After Hitting Six-month Low On Trump Victory

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4 days ago · It was last up 0.23% at 83.70 pence, after also rising on Friday in the wake of the weak British data. (Reporting by Harry Robertson; Editing by Bernadette Baum) Serious News …

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Why was the pound weakened on Friday?

L ONDON (Reuters) - The pound weakened on Friday after data showing British retail sales fell by much more than expected in October, which if matched by other soft data could cause the Bank of England to be less cautious when it comes to rate cuts. Sterling was last down 0.22% on the dollar at $1.2566, its lowest in six months. ...

What happened to pound sterling?

Sterling was last down 0.22% on the dollar at $1.2566, its lowest in six months. It was also softer on the euro, which was up 0.16% at 83.35 pence. (Reporting by Alun John, editing by Samuel Indyk) FILE PHOTO: Pound Sterling notes and change are seen inside a cash resgister in a coffee shop in Manchester, Britain, Septem,ber 21, 2018. ...

Is sterling weakness a story of US dollar strength?

"Recent sterling weakness has principally been a story of U.S. dollar strength," said Matthew Amis, investment director at asset manager abrdn. "From the GBP (pound) perspective, we see little reason for the recent slide to recorrect," he said. ...

Will the bank of England be forced to cut rates?

If future data continues to show economic weakness, the Bank of England may be forced to cut rates more dramatically than markets currently expect. "Today's PMI data were the first real test of the chancellor's budget – alongside businesses reaction to unfolding geopolitical events," said Sanjay Raja, chief UK economist at Deutsche bank. ...

Will US tariffs affect Sterling?

Sterling has fallen around 2.7% since the election although it has fared better than the euro, which many traders think will bear the brunt of higher U.S. tariffs which are likely to focus on China, the European Union and Mexico. ...