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Sterling falls to lowest since late 2020 versus dollar
Abstract：LONDON (Reuters) – Sterling fell to its lowest level since late 2020 versus the dollar on Friday, after data showed British retail sales dropped in March by more than expected.
div classBodysc17zpet90 cdBBJodivpLONDON Reuters – Sterling fell to its lowest level since late 2020 versus the dollar on Friday, after data showed British retail sales dropped in March by more than expected.
The British pound fell to as low as 1.2960 and was last down almost 0.5 on day. It also weakened against the euro, and was last down 0.4 at around 83.49 pence per euro.pdivdivdiv classBodysc17zpet90 cdBBJodiv
British retail sales volumes slid by 1.4 in March from February, a worse reading than average economist forecast in a Reuters poll that had pointed to a 0.3 monthly drop, official data showed on Friday.
Reporting by Dhara Ranasinghe, editing by Stefano Rebaudo
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