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The pound erased a gain versus the dollar to trade little changed at $1.6137 as of 3:34 p.m. London time, after strengthening as much as 0.4 percent to $1.6203.
To contact the reporter on this story: Lucy Meakin in London at lmeakin1@bloomberg.net
To contact the editor responsible for this story: Keith Jenkins at kjenkins3@bloomberg.net