Sterling falls, gilts gain on weak UK factory data

12 May, 2011

Sterling fell around 60 pips against the dollar to $1.6256, its lowest in 3-weeks and down around 0.5 percent on the day. The euro rose around 20 pips to a session high of 87.28 pence per euro.

The June gilt future extended gains by 10 ticks to touch a session high of 120.30 after the data.

Copyright Reuters, 2011

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