Sterling hits low against dollar

AFP - Friday, May 9 04:33 pm

LONDON (AFP) - Sterling fell to a two-year low against the dollar on Friday as investors prepared themselves for a BoE rate easing in June.

The BoE kept rates at five percent on Thursday in an attempt to curb rising inflation but is widely expected to implement a points cut next month following a raft of poor economic data.

STERLING

London

15:09 GMT

13:05

US Dollar

1.9480

up from

1.9474

Euro

1.2618

down from

1.2600

Yen

200.80

up from

200.15

Swiss Franc

2.0327

up from

2.0257

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