Pound drops versus U.S. Dollar after manufacturing eases in January

The British Sterling declined on Monday session falling for the fifth straight day against its U.S. counterpart after a report showed that manufacturing output in the United Kingdom accelerated less that initially estimated in January. The Pound fell 0.4% to $1.6367 by 9:42 a.m. London time following a slide to $1.6363, the least since January 17.