Sun, May 26, 2013 - Page 15 News List

Asian currencies’ fall continues on Fed fear


The pound fell for a fourth week against the euro, dropping 1 percent to £0.8542, as reports showing retail sales unexpectedly declined last month and inflation slowed fueled speculation the Bank of England will expand monetary stimulus.

Sterling weakened 0.3 percent against the greenback to US$1.5124 after dropping to US$1.5014 on Thursday.

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