GBP
Sterling was lower last week as a series of disappointing economic reports weighed on the pound. GBP/USD was down around a cent for the week, as an unexpected dip in UK house prices shook confidence in Britain’s economic recovery just as a key service sector PMI missed its mark. EUR/GBP hit its highest since late March before the pound recouped some ground to end the week broadly flat versus the single currency. Sterling was sharply lower against commodity currencies, with the pound trading at its weakest against the Australian dollar …