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.

This story has been viewed 2001 times.

Comments will be moderated. Remarks containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned.

TOP top