Sterling loses versus Greenback before auction of 30-year notes

The British Sterling depreciated against the U.S. Dollar heading to the weakest level in six-weeks as investors awaited today's auction of 30-year government bonds totalling 2.5 billion pounds. The Pound dropped 0.2% to $1.5210 at 7:33 a.m. in London following a yesterday's slide to the lowest level since April 4 at $1.5174, while it was at 84.57 pence per Euro.