FILE PHOTO: british Pound notes and the changes are visible in the interior of a cash resgister, a café-restaurant in Manchester, united Kingdom, September,21 December, 2018. REUTERS/Phil Noble
LONDON (Reuters) – Sterling fell below $1.22 at the start of London trade Thursday to its lowest level in more than five weeks, while the combination of a stronger dollar and weak UK economic data hurt the currency of the Uk.
The rise of the dollar against a basket of currencies comparable on Wednesday after Federal Reserve Chairman Jerome Powell, overwritten growth of the speculation on the negative interest rates in the united States. He is a hero in under three weeks.
Against the euro, the pound sterling hit a six-week low on Tuesday and the hero is close to these levels, last Thursday morning, to 88.58 pence for a euro.
Against the dollar it was last at $1.2205, down 0.2% from the New York close, after falling to $1.2182 earlier.
Reporting by Elizabeth Howcroft; Editing by Saikat Chatterjee