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Pound Extends Decline Versus Dollar After U.S. Payroll Report

November 02, 2012

The pound extended a decline against the dollar after a report showed U.S. employers added more jobs in October than economists forecast.

Sterling dropped 0.5 percent to $1.6052 at 12:39 p.m. London time. The U.K. currency rose 0.2 percent to 80.07 pence per euro.

U.K. 10-year government bonds declined, with the yield rising three basis points, or 0.03 percentage point, to 1.90 percent.

To contact the editor responsible for this story: Nicholas Reynolds at

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