Bloomberg News

Pound Extends Decline Versus Euro After U.K. PMI Data

May 01, 2012

The pound extended a decline against the euro, weakening 0.5 percent to 81.97 pence as of 9:34 a.m. London time.

Sterling fell 0.2 percent versus the dollar to $1.6198 after a report showed U.K. PMI manufacturing fell to 50.5 in April from a revised 51.9 a month earlier.

To contact the reporter on this story: Keith Jenkins in London at kjenkins3@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net


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