Sterling falls to 2-week low against firmer dollar

LONDON Thu Nov 8, 2012 3:18pm IST

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)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Market Eye

REUTERS SHOWCASE

Segway in India

Segway in India

Segway’s India business pegs hope on tech-savvy Modi  Full Article 

Cipla Shares

Cipla Shares

Cipla jumps after key generic launch.  Full Article 

Modi in Japan

Modi in Japan

Japan and India agree to boost strategic ties at summit.  Full Article 

Basel III Norms

Basel III Norms

RBI amends Basel III guidelines for banks.  Full Article 

Antitrust Probes

Antitrust Probes

U.S. business lobby says concerned China antitrust probes unfair.  Full Article 

Current Account

Current Account

Balance of payments surplus for third straight quarter.  Full Article 

Book Talk

Book Talk

Reema Abbasi and a glimpse of Pakistan’s Hindu past.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage