Sterling takes fresh hit from weak figures

Latest poor economic data could complicate Bank of England's rates debate

7th July, 2017
Bank of England's rates debate heating up. Pic: Getty

Sterling weakened again this morning against the euro, losing almost 0.5 per cent after more disappointing British economic figures appeared to complicate the Bank of England’s debate on whether or not to raise interest rates.

The euro was worth around 88.4p against sterling, having started the day at 88p.

The latest official figures show that industrial production fell by 0.1 per cent in May compared with April. Manufacturing output was down 0.2 per cent,...

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