Sterling declines versus Euro on Dale comments

Source: Bloomberg
The British currency retreated from the highest level in two weeks versus the Euro as the BoE official Spencer Dale stated that it will take time until nation's economy will be ready to raise interest rates. The Sterling dropped 0.3% to 83.49 pence per Euro as of 12:39 p.m. in London after rising 83.17 pence, while the Pound traded at $1.6210 and it reached $1.6217, the strongest level since October 25.

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