SF: Pound Reaches Two-Week Low Versus Euro Before First-Quarter GDP
April 27 (Bloomberg) -- The pound reached a two-week low against the euro before a report forecast to show Britain's economy resumed growth in the first quarter.
Sterling was little changed versus the dollar. Gross domestic product expanded 0.5 percent after contracting 0.5 in the fourth quarter, according to the median estimate of 28 economists surveyed by Bloomberg News.
The pound slipped 0.2 percent to 89.01 pence per euro as of 7:37 a.m. in London after reaching 89.15 pence, the weakest level since April 13. Sterling was little changed at $1.6478.
