BT:Sterling hits 1-month low, stocks fall on weak UK data
LONDON - Sterling fell to a fresh one-month low against the dollar on Tuesday while UK stocks fell after data showed UK manufacturing output fell more than expected and a bigger-than-forecast trade deficit.
The pound fell to US$1.6003, its weakest since Sept 11. More falls would see it target US$1.5987, the low hit on Sept 11.
The UK's FTSE 100 extended falls to trade down 0.3 per cent at 5,824.82 points, having traded down 0.2 per cent ahead of the release. -- REUTERS
