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Hemant
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« on: April 06, 2011, 11:04:09 pm »
UK's Weak Industrial Production Hurts Pound in Forex Markets

The pound weakened against the euro and erased its gain against the dollar after a report showed industrial production unexpectedly declined in February. U.K. gilts rose.

Sterling weakened by 0.6 percent to 87.77 pence per euro as of 9:40 a.m. in London. It was little changed at $1.6283 after climbing to $1.6364, the strongest level since March 23.

Source: UK's Weak Industrial Production Hurts Pound in Forex Markets
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