Pound depreciates on UK rate outlook

Source: Bloomberg
© Scanpix/FP
The Sterling weakened for the first in five days against the Euro, since inflation in UK dropped to less than 1% previous month for the first since 2002. The UK currency depreciated 0.2% to 78.18 pence versus the Euro at 9:50 a.m. in London after reaching 0.6% in previous four days. Moreover, the Pound fell 0.5% to $1.5092, after touching $1.5035 on January 8.
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