Sterling falls to 2-week low against firmer dollar
LONDON Nov 8 (Reuters) - Sterling fell to a two-week low against the dollar on Thursday as fresh talk that Spain is in no hurry to seek a bailout supported safe-haven demand for the U.S. currency.
The pound fell as low as $1.5940, its weakest since Oct. 24.
Against a broadly weaker euro, however, the pound gained. The euro fell as low as 79.73 pence, close to a one-month low of 79.71 pence reached on Wednesday. (Reporting by Jessica Mortimer; editing by Nia Williams)
- Tweet this
- Share this
- Digg this
GROUP OF 20
The G20 leading nations say they are tantalisingly close to adding an extra $2 trillion to the global economy and creating millions of new jobs, but Europe's extended stagnation remains a major stumbling block. Full Article
Top rice exporter India importing over 100,000 T on temporary supply squeeze. Full Article