LONDON Nov 8 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)
Trending On Reuters
The Reserve Bank of India kept its policy rate on hold at 7.25 percent on Tuesday, as widely expected, while leaving the door open to ease further depending on the inflation outlook and how swiftly banks lower their lending rates. Full Article | Full Coverage