Pound Slides as U.K. Tax Revenue Slump Fuels Growth Concerns

Updated on
  • Signs of slowdown may weaken case for BOE rate increase
  • RBS pushes back call for higher rates to August 2016

The pound fell the most in almost four weeks against the dollar after a government report showed a drop in tax receipts and a business lobby said factory exports were the weak link in the economic recovery, which may signal the strength of the currency is hurting demand.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.