Euro hits one month low versus sterling after UK contruction PMI
LONDON Nov 2 (Reuters) - The euro broke below 80.00 pence for the first time in a month against sterling on Friday after better-than-expected UK construction activity data.
The euro fell 0.3 percent against the sterling to a low of 79.965 pence, its lowest level since Oct 3. Euro zone exporter bids are cited at 79.80/90 pence, traders said. (Reporting by Anooja Debnath, editing by Anirban Nag)
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The Nifty will stay in a broad band of 7,800-8,200 with an immediate resistance at around 8,050 levels. One should look to selectively accumulate in sectors such as infrastructure, capital goods, cement, power and metals. The outperforming sectors such as pharma, IT and auto ancillaries could take a breather due to international headwinds, writes Ambareesh Baliga. Full Article
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