Pound on worst run since March 2020 as weak economy curbs interest rate rises

New report suggests British economy almost stalled in July as consumers limited spending

The pound has suffered its longest stretch of daily falls since the start of the Covid-19 pandemic amid growing speculation in the currency markets that a weakening economy will limit further increases in UK interest rates.

With a new report released on Monday saying the UK economy almost stalled in July, sterling lost ground for a seventh day in a row against the US dollar - its worst run since March 2020.