March 22, 2013 / 5:15 PM / 5 years ago

Sterling falls after Fitch puts UK on rating watch negative

NEW YORK, March 22 (Reuters) - The British pound dropped half a cent in early afternoon trading on Friday after ratings agency Fitch placed the United Kingdom on rating watch negative.

Sterling slid to $1.5189 from $1.5241 after the news, before rebounding to last trade at $1.5212, still up 0.3 percent on the day.

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