Mumbai, Nov. 3 -- The British pound slumped to its lowest level in nearly 7 months against the dollar as hawkish Fed underpinned gains for the greenback overseas. The dollar index continues to add strength near a three month high as Fed Chair Jerome Powell hinted that it may be the central bank's last reduction for the year, citing the risk of making additional moves without a more robust picture of the economy. DXY quoted at 99.71 today. GBP/USD pair is quoting at $1.31, down 0.1% on the day. The British currency is staying cautiously lower amid dovish expectations from BoE due to slower-than-projected United Kingdom (UK) Consumer Price Index growth seen in September and signs of moderating labor demand reflected by the employment data f...