U.K. Pound Extends Drop Versus Dollar After Inflation Rate Falls
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The pound extended a decline against the dollar and weakened versus the euro after a report showed U.K. inflation slowed more than economists forecast in April to a seven-month low.
Sterling slid 0.4 percent to $1.5188 at 9:32 a.m. London time and declined 0.3 percent to 84.67 pence per euro.