Bloomberg News

Pound Erases Drop Versus Dollar; Is Little Changed at $1.6198

May 03, 2012

The pound erased declines against the dollar and the euro.

The U.K. currency was little changed at $1.6208 as of 3:58 p.m. London time, after weakening as much as 0.3 percent to $1.6160.

Sterling strengthened 0.1 percent to 81.16 pence per euro, after weakening as much as 0.3 percent to 81.43 pence.

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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