Sterling extends losses, hits 2 1/2-mth low vs dollar

LONDON Thu Dec 29, 2011 5:23am EST

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LONDON Dec 29 (Reuters) - Sterling hit a 2 1/2-month low against a broadly stronger dollar on Thursday, extending losses as real money investors and model-related funds sold the UK currency.

The pound fell 0.3 percent on the day to $1.5397, its weakest since early October. Traders cited constant sterling offers on electronic trading systems, along with specific demand for euro/sterling as keeping the pound under broad selling pressure.

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