Bloomberg News

Pound Erases Gain Versus Dollar; Is Little Changed at $1.5925

September 07, 2012

The pound erased an advance versus the dollar to trade little changed at $1.5925 as of 12:01 p.m. London time, after strengthening as much as 0.3 percent to $1.5986, the highest level since May 16.

Sterling dropped 0.5 percent to 79.70 pence per euro, after sliding to 79.74 pence, the weakest since July 6.

To contact the reporter on this story: Neal Armstrong in London at narmstrong8@bloomberg.net

To contact the editor responsible for this story: Paul Dobson at pdobson2@bloomberg.net


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