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Sterling falls to fresh two-year low vs US dollar
NEW YORK, Aug 28 (Reuters) - Sterling slid to a fresh two-year low against the U.S. dollar on Thursday, weighed down by weak UK house prices and retail sales data that heightened concerns that the British economy could slide into recession.
Sterling GBP= fell to $1.8248, the lowest since July 2006, according to Reuters data. It last traded at $1.8267, still down 0.4 percent on the day.
U.S. traders also said stops were also triggered below $1.8250/60.
"Follow-through is limited so we may be ripe for a bounce, but only the brave will stick a hand out for this falling knife," said a Forex.com trader in Bedminster, New Jersey.
The British pound has dropped 9 percent from a three-month peak struck in mid-July, and is currently on track for its worst monthly performance against the dollar since 1992.
(Reporting by Gertrude Chavez-Dreyfuss; Editing by Chizu Nomiyama)
