Sterling skids to $1.30

LONDON, Sterling slid to 10-month lows against the dollar on Wednesday after data showed British inflation failed to rise as expected.

Annual consumer price inflation held steady in June at 2.4 percent - the bottom end of forecasts in a Reuters poll of economists who had expected to see the first increase this year, to 2.6 percent.

Trading at $1.3080 before the inflation numbers, sterling fell further to a low of $1.3010, its weakest since September 5.

Against the euro the pound dropped 0.3 percent to 89.20 pence.

Source: Saudi Press Agency