Sterling hits lowest in over 11-1/2 yrs

Sterling fell on a trade weighted basis to its lowest in over 11-1/2 years on Friday, after a downward revsion to UK second quarter growth raised the chances of a technical recession.

UK Economy weakest since 1992

Britain's economy unexpectedly came to a standstill in the second quarter, its weakest performance since the recession of the early 1990s, revised official data showed on Friday. The Office for National Statistics