The British Pound continues
its decline against the Dollar
April 13, 2015
The British pound dropped sharply against the U.S Dollar hitting its
lowest level in 5
years around $ 1.4565, after the release of disappointing U.K industrial production data. In
addition to increasing negative signs about the recovery of the British economy, also the rising concerns about
U.K parliamentary elections due on the next month of May. And the
possibility of making talks between the ruling conservative Party and the opposite Labor Party to form a coalition government.
