Sterling Mostly Lower On Relatively Quite News Day

(CEP News) - The pound sterling is weaker in general on Friday in the aftermath of a light day on the economic data and news docket.

Speaking in an interview with the UK’s Daily Mirror, outgoing Bank of England Monetary Polcy Committee member David Blanchflower said the UK should focus on aid for the labour market in its budget.

In the equity complex, the UK FTSE 100 is up 59 points to 4112 and the German DAX up 66 points to 4675.

All data taken at 7:58 a.m. EDT,

GBP/USD down 1.41 cents to 1.4786

Euro/GBP up 0.01 pence to 0.8834

GBP/CAD down 0.95 cents to 1.7922

By Erik Kevin Franco, efranco@economicnews.ca; edited by Nick Say, nsay@economicnews.ca

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Posted in Categories: Canada, Economy, Eurozone, Forex, Releases, Switzerland, UK, USA.

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