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DirectThe pound fell on Friday against the US dollar at its lowest level in a week, after negative economic growth data.
At 10:15 GMT, the British pound lost about 0.3% against the US dollar, reaching $ 1.2098, after having recorded a level of 1.2085 dollar early in the session.
The British currency is heading towards a weekly loss of about 0.6%.
Since the election of British Prime Minister Boris Johnson on July 24, the pound has lost about 2.7% against the dollar.
The British currency also fell against the euro from about 0.5% to 0.9260 pound sterling.
The data published today reveal that the British economy contracted in the second quarter of this year for the first time since the fourth quarter of 2012.
Services activity slowed to a three-year low of 0.1%, while construction activity fell 1.3% and industrial production declined 1.4%, according to the data.
On the development of Brexit, the Prime Minister said yesterday that the EU had time to renegotiate the withdrawal agreement, 84 days to leave the UK on October 31.
Direct (economy)
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