Pound slides against dollar after Bank of England holds interest rates
UKPulse Money Desk
Sterling has fallen against the US dollar following the Bank of England's decision to maintain interest rates. The currency's decline marks its largest five-day loss in four months.
- The pound fell close to $1.33 against the US dollar.
- Sterling's losses since last weekend amount to nearly 1.4 per cent.
- This decline is the largest over five trading days since a 2.3 per cent fall four months ago.
The pound has experienced a notable decline against the US dollar after the Bank of England opted to hold interest rates. Sterling approached $1.33 against the dollar, marking a loss of nearly 1.4 per cent since last weekend.
This recent fall represents the largest five-day trading decline for the pound in four months. The last comparable drop saw the currency tumble by 2.3 per cent over a five-day period.