Sterling falls against the dollar as UK economy slows but US picks up

City A.M. | Nov 22, 2019 at 4:55 PM
  • The pound has fallen against the dollar as traders near the end of their week after survey data was better than expected in the US but painted a gloomy picture of the UK economy.
  • Connor Campbell of trading platform Spreadex called the UK figures “nasty, nasty numbers”.
  • A Tory majority is seen by most traders as a positive outcome for the pound as it increases the chances of Britain leaving the EU with a Brexit deal.