Sterling hits two-month low vs. dollar on UK retail sales data
LONDON (Reuters) - Sterling fell to a two-month low versus the dollar and a two-week low against the euro on Thursday after weaker-than-expected UK retail sales data clouded the growth outlook for the economy.
Sterling fell to $1.5828, from $1.5843 before the data, its lowest level since September 5.
The euro rose to a two-week high of 80.65 pence from 80.515 pence beforehand.
(Reporting by Nia Williams; editing by Anirban Nag)
- Tweet this
- Share this
- Digg this
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.