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Sterling falls to eight-week low as uncertain economic outlook weighs

Fell almost 0.5% on Tuesday

Tom Eckett

23 August 2017 • 1 min read

Sterling declined to its lowest level since early July on Tuesday as uncertainty around the UK economic outlook continued, while the US dollar rallied on fading geopolitical tensions between the US and North Korea.

According to Reuters, fears over how Brexit negotiations will affect the growth of the economy have been the main cause of sterling's decline while the Bank of England's decision not to raise inter...

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