Bloomberg News

Pound Pares Advance Versus Euro After U.K. Construction Report

April 03, 2013

The pound pared an advance against the euro after an industry report showed that construction output in the U.K. contracted more than economists forecast in March.

The U.K. currency was little changed at 84.85 pence per euro as of 9:35 a.m. London time, after earlier strengthening as much as 0.2 percent to 84.69 pence.

The pound was little changed at $1.5102.

To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net

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


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