Fri, 01 Nov 2013 19:06:03 GMT
British currency declines against U.S. Dollar on bets Fed will stop stimulus
The Pound depreciated 0.7% to $1.5933 as of 3:17 p.m. in London, following 1.4% decline this week versus the greenback, as signs of U.S. economic recovery provoked speculation the Fed will have to taper its monetary stimulus that lowers the currency value. Despite the fact that U.K. economy gradually expanding as well, it has no significant impact on the Pound's