The pound is taking another tumble
Advertisement
The pound is taking another tumble on Friday, slipping in early afternoon trading.
Advertisement
Sterling has had an up and down week against the dollar, dropping as low as $1.2150 early in the week, before recovering to a weekly high of $1.2320 on Wednesday.
However, on Friday it is dropping again, falling almost 0.4% as of 12:10 p.m. BST (7:10 a.m. ET) to trade at $1.2212.
Investing.com
It is slightly stronger against the euro, just dipping into negative territory, having traded positively almost all morning. The euro fell to a seven-month low against the dollar earlier on Friday:
Investing.com
Advertisement
- We bought a house in Japan for $30,000. We'll have more land than we could afford in the US, and our kids will be more independent.
- Rumors Prince William is having an affair with Rose Hanbury are flooding social media again after Stephen Colbert waded into 'Katespiracy'
- CEO says he tried to hire an AI researcher from Meta, and was told to 'come back to me when you have 10,000 H100 GPUs'
- Garden city to concrete jungle: Bengaluru city has just 7% green cover left, reveals IISc study
- India can sustain 8% growth, even higher: RBI bulletin
- Zomato launches 'Pure Veg Mode' with vegetarian riders from eateries that don't serve meat
- Dalal Street investors become poorer by ₹4.86 lakh cr as markets tumble
- Housing markets remain strong in 2024, sales rise 20% across six metro cities in Q1