Thursday, July 19, 2007

U.K. Pound Declines Versus Dollar on Slower Retail Sales, Mortgage Loans

(Bloomberg) -- The pound dropped against the dollar
after reports showed retail sales rose less than expected and
mortgage lending slowed in June.

The pound fell to $2.0505 by 9:41 a.m. in London, after
earlier touching $2.0543, near the highest since June 1981. It
was trading late yesterday at $2.0528.


Read more at Bloomberg Currencies News

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