Pound Slides to Lowest Since 2010 Versus Dollar on U.S. Payrolls
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The pound dropped to the lowest level since July 2010 against the dollar after a U.S. report showed payrolls increased more than economists forecast, underpinning demand for the greenback.
Sterling posted its fourth weekly slide against the dollar as the data added to speculation the Federal Reserve is moving closer to ending a program of asset-purchases designed to kickstart the economy, while U.K. policy makers contemplate additional stimulus measures. Gilts declined as demand for safer assets waned.