The pound touched a three-week low against the dollar after a report showed Britons’ disposable income plunged the most since 1987 in the first quarter.
The U.K. currency fell 0.2 percent to $1.5290 at 9:38 a.m. London time, after touching $1.5284, the lowest level since June 4. It declined 0.3 percent to 85.25 pence per euro.
Real household disposable income fell 1.7 percent from the previous three months, the Office for National Statistics said today in London.
To contact the reporter on this story: Emma Charlton in London at email@example.com
To contact the editor responsible for this story: Paul Dobson at firstname.lastname@example.org