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Sterling falters on disappointing UK data, outlook bleak

March 12, 2013 12:15
* Sterling slips to lowest since June 2010 vs dollar * Trade-weighted index falls to 20-month low * UK manufacturing output falls sharply in January * UK recession fears, increased QE bets weigh on currency By Philip Baillie LONDON, March 12 (Reuters) - Sterling struggled near a 2-1/2 year low against the dollar on Tuesday after weak data tipped the British economy ever closer to recession and increased bets on more bond purchases by the Bank of England.

GLOBAL MARKETS-European shares, sterling slip on UK output weakness

March 12, 2013 05:30
* Sterling slips to lowest since June 2008 vs U.S. dollar * European shares steady after recent rally * Bunds edge up as focus remains on Italy By Marc Jones LONDON, March 12 (Reuters) - Sterling slipped to a 2-1/2 year low and European shares dipped on Tuesday after data underscoring Britain's economic weakness bolstered expectations of another jolt of central bank stimulus.

Sterling struggles near 2-1/2 year low, UK data in focus

March 12, 2013 05:15
* Sterling stays near more than 2-1/2 year low against dollar * Sterling to stay weak on economic concerns, QE bets * Investors wary of sterling before UK budget on March 20 * Industrial, manufacturing, trade data at 0930 GMT LONDON, March 12 (Reuters) - Sterling struggled near a 2-1/2 year low against the dollar on Tuesday as investors and speculators refrained from buying the British currency which stayed vulnerable to poor economic data.

Sterling hits 2-1/2 year low vs dollar, fragile outlook

March 11, 2013 11:16
* Sterling to stay weak on economic concerns, BoE QE bets * Investors wary of sterling before UK budget on March 20 * Sterling index equals recent 20-month low By Philip Baillie LONDON, March 11 (Reuters) - Sterling fell to a 2-1/2 year low against the dollar on Monday as hedge funds and long-term investors sold the pound, which they see as susceptible to more weakness given contrasting outlooks for the British and U.S. economies.

Market Dollar Rates at 1500 GMT - March 11

March 11, 2013 11:16
LONDON, March 11 (Reuters) - Following are the middle exchange rates for leading currencies against the dollar: CURRENT HIGH LOW Euro 1.3003 1.3024 1.2978 Japanese Yen 96.13 96.25 95.9 British Pound 1.4898 1.4943 1.4863 Swiss Franc 0.9498 0.9529 0.9494 Danish Crown 5.7324 5.7449 5.7244 Norwegian Crown 5.7235 5.7377 5.7144 Swedish Crown 6.4061 6.4148 6.3932 Australian Dollar

Struggling sterling hits 2-1/2 yr low, more weakness seen

March 11, 2013 08:15
* Sterling to stay weak on economic concerns, BoE QE bets * Investors wary of sterling before UK budget on March 20 * Dollar buoyed by robust U.S. jobs data By Philip Baillie LONDON, March 11 (Reuters) - Sterling hit a 2-1/2 year low against the dollar on Monday as hedge funds and long-term investors sold, seeing the pound as susceptible to more weakness given contrasting outlooks for the British and U.S. economies.

Sterling slides to 2-1/2 year dollar low after strong U.S. jobs data

March 8, 2013 12:45
* Sterling falls sharply versus dollar on good US jobs data * Sterling to stay weak on economic concerns, BoE QE bets * Investors wary of sterling before UK budget on March 20 * UK industrial data next week expected to disappoint By Anooja Debnath LONDON, March 8 (Reuters) - Sterling hit a fresh 2-1/2-year low against the dollar on Friday after strong U.S. jobs numbers boosted faith that the U.S. economy is recovering, taking its currency with it.

Market Dollar Rates at 1500 GMT - March 8

March 8, 2013 11:16
LONDON, March 8 (Reuters) - Following are the middle exchange rates for leading currencies against the dollar: CURRENT HIGH LOW Euro 1.2977 1.3134 1.2955 Japanese Yen 96.09 96.54 94.76 British Pound 1.4937 1.5047 1.4885 Swiss Franc 0.9525 0.9547 0.9414 Danish Crown 5.7459 5.7551 5.6755 Norwegian Crown 5.732 5.7371 5.6574 Swedish Crown 6.4083 6.4167 6.317 Australian Dollar

Market Dollar Rates at 0900 GMT - March 7

March 7, 2013 05:15
LONDON, March 7 (Reuters) - Following are the middle exchange rates for leading currencies against the dollar: CURRENT HIGH LOW Euro 1.3022 1.3029 1.2964 Japanese Yen 93.91 94.11 93.77 British Pound 1.4992 1.5019 1.4965 Swiss Franc 0.9466 0.949 0.9459 Danish Crown 5.7241 5.7488 5.7203 Norwegian Crown 5.703 5.7233 5.6998 Swedish Crown 6.3728 6.4233 6.3707 Australian Dollar

UPDATE 2-IMI to buy back shares, sell merchandising business

March 7, 2013 04:30
* To buy back up to 175 mln stg of shares * To divest majority of merchandising division * Plans bolt-on acquisitions * Shares rise as much as 8 pct (Adds CEO and analysts' comments, updates share movement) By Karen Rebelo March 7 (Reuters) - British engineer IMI Plc said it would buy back up to 175 million pounds ($263 million) of its shares and sell most of its merchandising business, sending its shares up as much as 8 percent.
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