Sterling extends losses, hits 2 1/2-mth low vs dollar
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.
- North Korea's 'reign of terror' worries South's leader
- Google bus blocked in San Francisco gentrification protest
- Los Angeles sheriff's officials charged in jail misconduct probe
- Chinese hackers spied on Europeans before G20 meeting: researcher
- Putin dissolves state news agency, tightens grip on Russia media