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U.K. Pound Drops 0.5% to $1.5439, Lowest Level Since July 13

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Feb. 18 (Bloomberg) -- The U.K. pound declined against the dollar, slipping to its lowest level in more than seven months.

Sterling fell 0.5 percent to $1.5444 as of 8:23 a.m London time, after touching $1.5439, the least since July 13.

To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net

To contact the editor responsible for this story: Paul Dobson at pdobson2@bloomberg.net

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