There was a “sense of disappointment” in the data, which “weighed on the pound,” Lee Hardman, a currency strategist at Bank of Tokyo-Mitsubishi UFJ Ltd, said by telephone on Tuesday. “The pace of economic recovery in the UK may prove slightly less robust than anticipated.”
Sterling also weakened after a report on Friday showed UK construction slipped 0.1 percent in August. Economists in a Bloomberg survey had estimated a 0.8 percent increase.
The pound depreciated 0.3 percent to US$1.5957, falling to as low as US$1.5914, its weakest level since Sept. 18. Sterling declined 0.3 percent to ￡0.8410 per euro.