The British pound declined Wednesday following upbeat US dollar bolstered the dollar, reducing the need to turn to safe-haven currencies.
Official figures showed US non-defense capital goods orders climbed 2.2% in July, the largest increase since June 2014.
Sterling finished at 73.06 pence per euro. Against the US dollar, the pound closed at $1.5562.
Durable goods data amplified the greenback, as well as the past revisions. But it remains uncertain whether it “will be enough to bring back expectations of a rate hike by the Fed in September or not,” according to a spot trader.
Traders pushed out the timing for a Bank of England interest rate hike to about the third quarter of 2015 as the central bank released its quarterly inflation report three weeks ago.
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