Weak Inflation Causes Sterling To Drop – 13 June, 2018
The pound declined for a fourth day, a low for the week, and its longest losing streak in over a month, with building tension over Prime Minister Theresa May’s mixed economic data and Brexit legislation. The pound fell to $1.3324, down 0.6 percent, and weakened 0.4 percent to 88.19 pence per euro, weighed down by divided opinions on a BoE interest rate hike.