Sterling drops to 11-week low vs dollar before CBI sales data

May 29, 2013 at 10:18 AM

  • Sterling falls by 2.8% this year, market calls for positive data.
  • German fundamental data is set to boost euro.
  • Dollar rises ahead of better than expected GDP figure.
  • Aussie dollar declines to the weakest level since Oct. 2011.
Tags: Sterling Euro US dollar AUD