Sterling Slips Against Dollar Ahead of Burnham Speech
The pound fell against the US dollar but strengthened slightly versus the euro as traders awaited a key speech by British Prime Minister Andy Burnham at the Labour Party conference. Markets are closely watching fiscal policies and upcoming announcements on social care.
Insights:
The pound fell 0.2% to $1.3226 on Tuesday morning in London, reaching a three-month low against the dollar. Elevated U.S. bond yields and oil prices drove the greenback upward.
