Sterling slips as UK economy shows only partial recovery in August

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LONDON, Oct 12 - The pound edged lower on Thursday, off a three-week high after data showed Britain's economy only partially recovered in August after a sharp drop in the prior month.

Versus the euro , sterling dropped 0.14% to 86.35 pence, after scaling its highest against the single currency since Sept. 19. Sterling's rally this week has eased, in part, as investors re-evaluate their expectations for U.S. interest rates and for the outlook of euro zone growth, rather than down to any standout factor in Britain.

 

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