Business

Pound at Five-Year Low Against Dollar on Weak Output

Photo of Washington Informer Washington Informer Send an email April 10, 2015
0 357 Less than a minute
A series of British pound bank notes are displayed in central London, Jan. 20, 2013. (AP Photo)
A series of British pound bank notes are displayed in central London, Jan. 20, 2013. (AP Photo)
A series of British pound bank notes are displayed in central London, Jan. 20, 2013. (AP Photo)

(BBC) – The pound has fallen to its lowest level against the dollar for nearly five years on weak UK industrial output figures and uncertainty over the outcome of the election.

Sterling fell as low as $1.4618 before recovering slightly in late trading.

Earlier, the Office for National Statistics (ONS) said UK industrial output figures rose by just 0.1% in February from January.

The small increase was below analysts’ forecasts for a 0.3% gain.

A number of opinion polls that showed Labour ahead of the Conservatives also unsettled traders.

READ MORE

Tags
Photo of Washington Informer Washington Informer Send an email April 10, 2015
0 357 Less than a minute
Photo of Washington Informer

Washington Informer

Leave a Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

By submitting this form, you are consenting to receive marketing emails from: Washington Informer Newspaper, 3117 Martin Luther King Jr. Ave SE, Washington, DC, 20032, http://www.washingtoninformer.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

© Copyright 2021, Washington Informer Newspaper. All Rights Reserved.
Back to top button

My News Matters to me - Washington Informer Donations

Be a Part of The Washington Informer Legacy

A donation of your choice empowers our journalists to continue the work to better inform, educate and empower you through technology and resources that you use.

Click Here Today to Support Black Press and be a part of the Legacy!

Subscribe today for free and be the first to have news and information delivered directly to your inbox.

Select list(s) to subscribe to

By submitting this form, you are consenting to receive marketing emails from: Washington Informer Newspaper, 3117 Martin Luther King Jr. Ave SE, Washington, DC, 20032, http://www.washingtoninformer.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Adblock Detected

Please consider supporting us by disabling your ad blocker