U.K. currency falls as economic data disappoints

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Source: Bloomberg

The Sterling depreciated for the fourth week in a row versus the Greenback as U.K. economic figures from the manufacturing production to the consumer confidence were lower than anticipated. The Pound slipped 0.8% to $1.6832 dropping to a 7-week low. That is the longest decline since March 8th. The Sterling fell 0.9% to 79.80 pence per Euro. It is projected the U.K. currency will slide to $1.65 by the end of next month.  

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