Economics

Pound Declines Against Dollar as Services Gauge Misses Estimates

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The pound fell for a second day against the dollar after a report showed an index of services increased less than analysts estimated last month.

The U.K currency declined 0.2 percent to $1.5984 at 9:39 a.m. London time. It traded little changed at 80.09 pence per euro, after reaching 79.86 pence earlier today, the strongest level in five weeks.