Sterling touches lowest level in four months

Source: Bloomberg
© Scanpix/Reuters
The British currency weakened to the lowest level in approximately four months versus the Eurozone's currency after U.K. shop prices dropped for a third month in a row. The Sterling slipped 0.2% to 87.20 pence per Euro as of 8:23 a.m. in London after reaching 87.26, the lowest since March 13. The Pound slid 0.2% to $1.5205 and it is depreciating for fourth straight day.
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