Sterling slips on signs of stuttering economic momentum

Tuesday, 7 September 2021 01:40 - - {{hitsCtrl.values.hits}}

LONDON (Reuters): Sterling slipped on Monday, pulling back from near one-month highs against the dollar and one-week peaks versus the euro as signs grew that economic gains from post-lockdown reopenings were starting to fade.

The currency had firmed on Friday against the dollar after data showed the United States created far fewer jobs in August than forecast. But subsequent moves have been listless as traders await further cues on the British economy and the Bank of England's future policy direction.

By 1500 GMT, sterling was down 0.3% at $ 1.38200, off the near one-month high of $ 1.38905 touched on Friday. Versus the euro, it likewise slipped to 85.82 pence, having risen to 85.595 pence on Friday.

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