Sterling fell on Thursday to a fresh 2021 low against the dollar and to a nine-day low versus the euroas worries over economic growth outweighed expectations for a Bank of England rate hike.
The pound shed 0.1% versus the dollar to $1.3320 at 1644 GMT, and was set for a fifth consecutive daily decline after hitting its lowest level of $1.3307 versus the greenback since December 2020.
Britain's economic recovery from the coronavirus pandemic has lagged behind that of other rich nations.Against the euro, sterling edged 0.15% lower to 84.18 pence, after weakening to a nine-day low of 84.36 pence amid renewed post-Brexit setbacks. But anything could happen, analysts said, after the BoE wrong-footed many investors by holding rates at record lows at its November meeting. Bailey had said in October that policymakers would"have to act" to head off inflation.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Editorial: After all the sacrifices in 2020, a little Thanksgiving joy in 2021We haven't destroyed COVID-19, but we've given it a beating. We mourn but we also can celebrate -- and thank millions of people who made this possible.
Read more »
A Guide to How Retailers Are Doing Black Friday 2021Major retailers like Target, Walmart and Macy's have already started their Black Friday sales.
Read more »
Genesis Owusu, The Kid LAROI Win Big at 2021 ARIA AwardsWith four trophies, Genesis Owusu was the big winner at the 2021 ARIA Awards, held Wednesday (Nov. 24) at Sydney’s Taronga Zoo.
Read more »
Celebrity Beach Bods of 2021From Christina Aguilera to the entire Kardashian-Jenner family, check out some of the hottest bikini shots of the year (so far) -- including one of Khloe Kardashian that just sparked some SERIOUS engagement talk.
Read more »
The Best Black Friday Deals 2021: Everything You Need To KnowWe did the hard work for you. Shop Black Friday sales on everything from home décor, kitchen gadgets, beauty, fitness and more!
Read more »