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Foreign exchange market: the pound weak

25/10/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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After gloomy economic data confirmed the opinion, sterling extended its losses from the previous day on Wednesday.

At 0916 GMT, the pound was down 0.2% against the dollar at $1.2132. On Tuesday, it fell 0.7%, its biggest one-day drop in more than a week. It was also down 0.1% to 87.21 pence per euro, close to a 5 and a half month low of 87.40 pence

per euro reached on Friday.
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