Pound hits 3-week low vs dollar as risk appetite weakens


* Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh

* Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv

By Ritvik Carvalho

LONDON, Aug 17 (Reuters) – Britain’s pound hits its lowest level in three weeks against the dollar on Tuesday as weakening risk sentiment weighed on global stock markets, hitting risk-correlated currencies including the commodity-linked Australian, Canadian and Kiwi dollars.

Global stock markets were in the red for a second day running as an unexpectedly weak set of Chinese economic data along with unrest in Afghanistan and other factors weighed on appetite for riskier assets.

The pound hit its weakest level since July 27 at 0707 GMT, falling 0.3% on the day to $1.3787. Against the euro it was 0.3% lower at a two-week low of 85.35 pence.

The market mostly overlooked positive jobs data. As Britain’s economy extended its recovery, payrolls rose by 182,000 in July to 28.9 million, data showed – 201,000 shy…

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