The pound is pulling back from its morning lows

LONDON — Sterling is pulling back a little on Wednesday after earlier sliding toward new lows earlier following disappointing trade data released by the Office for National Statistics (ONS).

The pound is down roughly 0.25% against the dollar as of 11.15 a.m. GMT (6.15 a.m. ET) to $1.2146, having fallen as low as $1.2106 in earlier trade. That took it close to the currency's post-referendum low (discounting October's flash crash, when sterling dropped more than 6% in two minutes).

Here's the chart:

The earlier fall was due to weaker than expected trade data...
8 Published By - Business Insider - 2017.01.11. 11:16
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