Pound retreats the most in a month since May 2013

Source: Bloomberg
© Scanpix/AFP

The Sterling experienced its biggest monthly depreciation versus the Dollar since May 2013 as omens of the growth in the U.S. economy fueled expectations for increased Fed interest rates. The Pound slipped 0.2% to $1.6884 prolonging its monthly decline to 1.3%. The Sterling also weakened 0.1% to 79.28 pence per euro, reducing the gain in July to 1%. 

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