BLBG:U.K. Pound Extends Drop Versus Dollar After Inflation Rate Falls
The pound extended a decline against the dollar and weakened versus the euro after a report showed U.K. inflation slowed more than economists forecast in April to a seven-month low.
Sterling slid 0.4 percent to $1.5188 at 9:32 a.m. London time and declined 0.3 percent to 84.67 pence per euro.
To contact the reporter on this story: Lucy Meakin in London at lmeakin1@bloomberg.net
To contact the editor responsible for this story: Paul Dobson at pdobson2@bloomberg.net
