(Bloomberg) -- The pound declined versus the dollar
and the euro as signs the U.K. economy may be slowing stoked
speculation the Bank of England won't need to keep raising
interest rates.
A government report today showed average earnings growth
slowed in April. Economists in a Bloomberg News survey predicted
they would quicken. The U.K. currency extended its decline before
a report tomorrow that is expected to show retail sales grew more
slowly last month.
Read more at Bloomberg Currencies News
and the euro as signs the U.K. economy may be slowing stoked
speculation the Bank of England won't need to keep raising
interest rates.
A government report today showed average earnings growth
slowed in April. Economists in a Bloomberg News survey predicted
they would quicken. The U.K. currency extended its decline before
a report tomorrow that is expected to show retail sales grew more
slowly last month.
Read more at Bloomberg Currencies News
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