Bloomberg News

Pound Climbs Versus Dollar After U.K. Services Data; Gilts Fall

February 05, 2013

The pound advanced against the dollar after a report showed the U.K. services sector unexpectedly expanded last month.

Sterling climbed 0.3 percent to $1.5804 at 9:33 a.m. London time and was little changed at 85.69 pence per euro.

Gilts fell, pushing the yield on the 10-year security up six basis points, or 0.06 percentage point, to 2.14 percent.

To contact the reporter on this story: Emma Charlton in London at echarlton1@bloomberg.net

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


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