June 7 (Reuters) - The euro extended 18-month lows versus sterling on Monday as traders noted reports of funds moving out of German bunds in favour of UK gilts.
The euro EURGBP=D4 fell to 82.33 pence, its lowest level since late November 2008.
"There's a lot of talk of funds moving out of bunds into gilts," said a UK-based sales-trader. Dealers also weak reported stops being targeted under the earlier low at 82.40.
