Mon, 12 Jan 2015 11:11:04 GMT
GBP weakens against the US Dollar to a nearly 18-month low
On Monday the Pound declined versus the US Dollar close to an 18-month low, hitting $1.5099. Demand for the Greenback was quite strong, in spite of pale US average hourly earnings data. The earnings declined 0.2% during December and were only 1.7% higher relative to the previous year. At the same time, the UK currency found support amid the upbeat manufacturing production