Bloomberg News

U.K. Pound Strengthens 0.2% to 83.93 Pence Per Euro; Gilts Rise

January 22, 2013

The pound strengthened against the euro, appreciating 0.2 percent to 83.93 pence at 1:23 p.m. London time. It earlier weakened as much as 0.4 percent to 84.41 pence per euro. Sterling rose 0.2 percent to $1.5857.

U.K. government bonds rose, pushing the 10-year gilt yield two basis points lower, to 2.03 percent.

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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