The English pound endured a third consecutive trading session of losses on Thursday against the world's reserve currency after economic data noted regional services advanced at a reduced pace last month, according to Bloomberg.
The pound also lost value against the shared currency of the European Union after Governor Mark Carney with the Bank of England told an English publication that the job market must improve more before the body he leads addresses the possibility of boosting interest rates.
The governor also told The Northern Echo that bankers must assume a more professional demeanor as a method of upgrading their reputations. The interview came during his first visit to the region.
"A lot of good news in the economy has already been in the price," currency strategist Lee Hardman with Bank of Tokyo-Mitsubishi UFJ Ltd. in London told Bloomberg on Thursday. "The market is expecting the first rate hike in May. Further upside for sterling is probably going to be limited at the current levels unless there are signs that rate will move well before that."
The pound fell roughly 0.2 percent against the greenback during early trading on Thursday.
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