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Sterling dips below $1.29 after GDP data

Monday,   11-Feb-2019   04:13 PM (IST)

Sterling fell to below $1.29 on Monday after data showed that Britain’s economy last year grew at its weakest since 2012, with Brexit worries hurting investment. The pound fell to $1.2895, down 0.3 percent on the day, after trading at $1.2923 before the data was released. Sterling also extended its fall versus the euro to 87.72 pence per euro, down 0.3 percent. British stock and government bond prices were little changed after the data.