Pound Drops To Five Month Low – 21 May, 2018
A strong rally by the dollar and uncertainty over the Bank of England’s interest rate hikes has caused sterling to drop to a five month low slipping below $1.34. Against the euro, the pound fell 0.2 percent to 87.64 pence. Data on inflation is set to be released on Wednesday, though Brexit concerns continue to leave the currency in limbo.