Markets

Sterling trade-weighted index falls to 20 month low

Published March 12, 2013 Updated March 12, 2013 10:24am

1 min

By Shoaib Ur Rehman

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LONDON: Sterling fell to a 20-month low against a trade-weighted basket of currencies on Tuesday after dismal British manufacturing and industrial data dragged the pound against the euro and the dollar.

Sterling index, fell to 77.9, its lowest since July 2011 after the pound fell to a more than 2-1/2 year low of $1.4832 versus the dollar and a two week low versus the euro of 87.77 pence.

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