UK Pound Sells Off Hard After Growth Data Disappoint - Wall Street Journal

NEW YORK (Dow Jones)-- The U.K. pound Tuesday dropped to an 11-week low against the euro after the U.K. economy registered an unexpected decline.

After the pound in recent months avoided for the most part expected declines many analysts had predicted would come from the U.K.'s severe belt-tightening austerity measures, "this could have been the straw that broke the camel's back," said Phil Streible, senior market strategist at Lind-Waldock in Chicago.

"If we get a couple more bad news [items], Streible said, "we can build on this ...