Pound falls on weak economic figures

Pound falls on weak economic figures
 

The pound has fallen sharply following data suggesting a sluggish economy.
Manufacturing output fell 1.4% in April, the biggest fall for nearly six years, according to the Office for National Statistics (ONS).
Another ONS report showed only a modest rebound in construction output, after a sharp contraction in March.
The pound fell three quarters of a cent after the data was released to $1.3350. Analysts say the data has eased pressure for a rise interest rates.
"This data could fuel Bank of England concerns and uncertainties over the economy and there can be very little doubt that the... read more

 
11 June 2018 in Business, Views: 45
Source: BBC
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