Nov 2 (Reuters) - The euro rose 1 percent on the day versus sterling on Tuesday, boosted by demand from a European sovereign account, and as sterling came under pressure on soft UK construction activity data.
The euro EURGBP=D4 rose to 87.49 pence, paring losses made on Monday when it fell to a four-week low of 86.52.
Traders said a European sovereign account was a large buyer of euro/sterling, starting around the 87 pence area.
The Markit/Chartered Institute of Purchasing and Supply construction PMI fell to 51.6 in October from 53.8 in September, against expectations for a more modest easing to 53.0.
