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London - The pound headed for its fourth consecutive weekly decline against the dollar, its longest losing streak since January 2015, as concerns over Brexit negotiations and tepid economic data weighed on the UK currency.
Sterling was also set for a fourth straight weekly drop versus the euro, having touched its weakest level since October on August 23.
The pound has had a rocky week as Brexit papers released by the UK government did little to ease doubts on whether it was enough to convince the European Union to allow trade talks to start as soon as October.
With the UK yet to clarify how much it will pay the EU as a Brexit bill, markets will closely scrutinise talks next week to gauge how smooth the negotiations will be.
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