First English Daily Published From The Saudi Capital | 19-09-2017 18:06

Sterling set for fourth consecutive week of losses

London - SPA
2017-08-25 13:45:31

    Sterling steadied on Friday after falling to a two-month low against the dollar in the previous session, Reuters reported.

The sterling also held near its lowest in more than 10 months against the euro, with political uncertainty weighing on market sentiment and the corporate outlook for British companies.

Sterling was flat at $1.2803 against the dollar and is poised for a fourth consecutive week of losses. Against the euro, it held close to the low of 92.37 pence reached on Wednesday, a level it last tested in October 2016. The pound has weakened more than 5 percent against the euro since mid-July.

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