(Bloomberg) -- The U.K. pound fell for a fourth week
against the dollar, its longest losing streak in 15 months, as
investors scaled back expectations of rate increases this year.
The pound also declined for a second week versus the euro
after inflation slowed last month and the central bank said in a
quarterly report the outlook for prices was ``unusually
uncertain.'' The pound extended declines as a report today showed
retail sales unexpectedly fell in April, prompting investors to
reduce bets the bank will raise rates.
Read more at Bloomberg Currencies News
against the dollar, its longest losing streak in 15 months, as
investors scaled back expectations of rate increases this year.
The pound also declined for a second week versus the euro
after inflation slowed last month and the central bank said in a
quarterly report the outlook for prices was ``unusually
uncertain.'' The pound extended declines as a report today showed
retail sales unexpectedly fell in April, prompting investors to
reduce bets the bank will raise rates.
Read more at Bloomberg Currencies News
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