Sterling hits 17-month low versus dollar

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LONDON | Fri Jan 13, 2012 3:20pm GMT

LONDON Jan 13 (Reuters) - Sterling extended its fall versus the dollar on Friday as speculation of an imminent ratings downgrade of some euro zone countries fuelled safe haven demand for the U.S. currency.

Sterling fell to $1.5234, its lowest since late July 2010 to trade with losses of around 0.7 percent on the day.

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