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The pound fell slightly on the European market against a basket of currencies on Friday, to continue to record losses for the fourth consecutive day against the US dollar, due to the fall in British interest rates the month Next, the prospect of raising US interest rates has again risen twice this year, especially after comments from Federal Reserve Chairman Jerome Powell.
The pound fell against the dollar by less than 0.1% at 07:15 GMT, trading at $ 1,3007, the day's opening price at $ 1,3013, and the highest at 1 , $ 3036, and the lowest at $ 1.2994.
The pound closed yesterday down 0.4% against the US dollar, its third consecutive daily loss, recording a 10-month low of $ 1.2957 after weak retail sales data United Kingdom, Most world currencies.
During the week, the pound fell 1.7% against the US dollar, preparing to record its second consecutive weekly loss, with new concerns about deepening divergences monetary policy in Great Britain and the United States.
The interest rate hikes of the British central bank at the August meeting, especially after the publication of a number of weak economic data in the United Kingdom, especially Inflation data in June, Retail sales data, which consistently signal a slowdown in the growth of the royal economy in the second quarter of this year.
On the other hand, Jerome Powell's remarks to the US Congress, during his semiannual briefing on the economy and monetary policy, reinforced the likelihood that the Federal Reserve will accelerate the tightening of monetary policy and revive monetary policy. rate twice this year.
Britain
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