Sterling falls below $1.39, set for worst week since September 2020 By Reuters
By Elizabeth Howcroft LONDON (Reuters) - Sterling extended its fall against the U.S. dollar on Friday, dropping below $1.39, hurt by the U.S. Federal Reserve's hawkish surprise and an unexpected fall in Britain's retail sales. The pound dropped against a strengthening dollar on Thursday after the Fed surprised markets by signalling it would raise interest rates and end emergency bond-buying sooner than expected. On Friday, it fell further against both the dollar and the euro. At 1158 GMT it was down 0.3% on the day at $1.389, having touched as low as $1.38555 - its weakest...
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