Pound slumps against dollar, euro after shock data
The pound slumped against the dollar and euro on Friday after shock data showed that Britain was still shackled by deep recession in the third quarter, traders said.
The Pound weakened against the Euro and the US Dollar yesterday, slipping back under 1.15 versus the single currency and losing over 1% on the day, after a report showed confidence in the labour market outlook fell for a third straight month in September.