Sterling weakens third straight day against greenback after Fed

Source: Bloomberg
© Scanpix/Agence France-Presse
The British currency dropped for a third straight day against the U.S. Dollar as the Fed officials yesterday cut its monetary stimulus after the BoE Governor Carney stated that he will keep interest rates low. The Sterling slid 0.5% to $1.6480 as of 12:38 p.m. in London, after it advanced to $1.6668 on January 24. The British Pound was at 82.47 pence per Euro, after climbing to 81.68 pence last week.
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