Sterling rises to one-month high versus dollar

LONDON Mon Dec 3, 2012 4:16pm IST

Priyanka Gandhi Vadra, daughter of Congress party chief Sonia Gandhi, adjusts her flower garlands as she campaigns for her mother during an election meeting at Rae Bareli in Uttar Pradesh April 22, 2014. REUTERS/Pawan Kumar

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LONDON Dec 3 (Reuters) - Sterling rose to a one-month high against the dollar on Monday, helped by stronger-than expected UK manufacturing PMI data and reported corporate demand.

Sterling rose to $1.6069, its highest level since Nov 2 and the 50 percent retracement of the Sept. 21 to mid-November fall from above $1.63 to $1.5820. Traders expected resistance around this level. (Reporting by Philip Baillie, Editing by Nia Williams)

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