The pound declined versus the euro and the yen as a report showed Britons’ confidence in the outlook for employment and their job security weakened in July. The British currency gained for a second day against the dollar. An index of sentiment toward their employment prospects compared with a year earlier dropped 3 points to minus 53 from June, while a gauge of job security declined 1 point to minus 22, the unit of Lloyds Banking Group Plc said in an e- mailed statement released in London today. The FTSE 100 Index fell 0.3 percent. The pound was 0.4 percent weaker at 87.45 pence per euro as of 8:16 a.m. in London. It reached 86.43 pence on Aug. 5, the strongest since May 27. Sterling gained 0.4 percent to $1.6452 and fell 0.4 percent to 127.96 yen. Sterling has fallen 7.1 percent in the last 12 months, making it the second-worst performer among 10 developed-market currencies after the U.S. dollar, according to Bloomberg Correlation-Weighted Currency Indexes. To contact the reporter on this story: Keith Jenkins in London at Kjenkins3@bloomberg.net To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net

Source