Thu, 14 Aug 2014 13:35:07 GMT
Euro rises against the Pound on inflation report
The Sterling fell to a one-and-a-half-month low versus the common currency, driven by yesterday's disappointing BoE's inflation report. As Britain's the release of the second estimate for economic growth approaches, scheduled for Friday, traders remain cautious. The forecast expects the GDP to remain unchanged at 0.8% quarterly and 3.1% yearly. The Pound dropped by 0.19% to trade at 0.8019 versus