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7/1, 5:16 PM (Source: TeleTrader)
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Pound falls after UK data disappoints

The British pound was down on Friday following the release of worse-than-expected data reports. Economic downturn fears intensified in the United Kingdom after a report by S&P Global that showed that manufacturing growth decelerated below projections.

The sterling dropped 1.40% compared to the United States dollar, going for 1.20080 at 5:15 pm CET. The euro was up 0.50% against the British currency, selling for 0.86508 at the same time.

Baha Breaking News (BBN) / MS