Pound Risks Worst Run in a Decade Ahead of Key Labor Market Data
A customer hands over a 20 pound banknote at a fruit and vegetable stall in Bexleyheath, Greater London, UK.
Photographer: Jason Alden/BloombergThe pound headed for its longest slide in a decade as traders looked ahead to key labor market data that could bolster the case for interest-rate cuts.
Sterling slipped 0.1% against the dollar in its ninth day of losses, taking it to a two-month low of $1.3365. The currency shrugged off mild gains earlier on Wednesday that came after hotter-than-expected UK consumer-price data.