Strong Dollar Causes Sterling To Slide – 14 August, 2018
A rebound for the dollar and weak wage growth caused sterling to drop to a 13 month low. Despite unemployment falling to its lowest since 1975 and the pound rising to $1.2827, sterlings annual wage growth was at a nine month low at 2.4 percent. Sterling dropped to its lowest since 2017 to $1.2705, pressured by the dollar and concerns about Brexit.