The pound struggled near a six-month low against the dollar on Tuesday hampered ...
TOKYO - The pound struggled near a six-month low against the dollar on Tuesday hampered by persistent worries over Brexit that, in turn, weighed on the euro.
The dollar fought for traction against the yen as the prospect of a Federal Reserve interest rate cut later in the month continued to keep the greenback on the defensive.stood steady at $1.2519 following an overnight loss of 0.5%. A slip below $1.2439 would take sterling to its lowest since early January.was little changed at $1.1251 after shedding 0.1% the previous day, constrained by expectations for a dovish European Central Bank meeting next week.
Poor economic data and signals from the Bank of England that it could cut interest rates instead of raising them as previously expected have also hit the pound.
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