Sterling mixed ahead of BoE Inflation Report

Wed Nov 11, 2009 9:01am GMT
 
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* Sterling gains vs weaker dollar, falls vs euro

* All eyes on BoE Inflation Report at 1030 GMT

* UK labour market data due at 0930 GMT

* Sterling recoups Tuesday's losses after Fitch report

By Jessica Mortimer

LONDON, Nov 11 (Reuters) - Sterling edged up against the dollar but dipped versus the euro on Wednesday as investors awaited the Bank of England's latest quarterly Inflation Report and UK labour market data.

Broad losses in the dollar helped the pound erase most of the losses it suffered on Tuesday when Fitch ratings agency told Reuters Britain was the major economy most at risk of losing its triple-A rating.

Investors turned their attention to the BoE report, due at 1030 GMT, when the central bank will set out its latest forecasts for growth and prices.  Continued...

 

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