Bloomberg News

U.K. Pound Declines to Weakest Since July 2010 Versus Dollar

March 08, 2013

The pound dropped to the lowest against dollar in 2 1/2 years after U.S. payrolls increased more than forecast in February. It fell 0.6 percent to $1.4927 as of 1:44 p.m. in London after falling to $1.4885, the least since July 1, 2010.

Gilts dropped, pushing 10-year yields up six basis points, or 0.06 percentage point, to 2.07 percent.

To contact the reporter on this story: Anchalee Worrachate in London at aworrachate@bloomberg.net

To contact the editor responsible for this story: Keith Jenkins at kjenkins3@bloomberg.net


Tim Cook's Reboot
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus