Pound dips after weaker UK investment data

London

STERLING hit a day's low against the US dollar and a five-day low against the euro on Wednesday after data showed that British business investment fell in the third quarter of the year.

The pound dipped 0.2 per cent to US$1.5680 after the data from US$1.5706 before its release. Against the euro, it weakened to 79.50 pence, having been trading at 79.38 pence.