Pound’s Five-Day Losing Streak Sees It Drop Below $1.30: Chart

Stubbs: Sterling Goes Lower on Hard Data of Slowdown

The pound’s losses are stacking up, with the currency dropping below $1.30 for the first in time almost a month on Tuesday. Sterling is on a five-day losing streak in the wake of the Bank of England’s expanded easing measures. Investors are also preparing for inflation and employment data next week, which will provide further insight into the state of the U.K. economy following the vote to leave the European Union in June.

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