Sterling dips below the $1.35 line as data eyed [Reuters]
The Bank of New York Mellon Corporation (BK)
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Source: Reuters
Sterling dips below the $1.35 line as data eyed | Reuters Reuters Staff 3 Min Read * Graphic: sterling and gilt yields bit.ly/2dgAXn1 * Graphic: World FX rates in 2017 tmsnrt.rs/2egbfVh * Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv LONDON, Jan 10 (Reuters) - Sterling fell below the $1.35 line for the first time in a week on Wednesday as investors locked in profits after a rally, though some decent economic data stopped it dropping further. British industrial output rose by a monthly 0.4 percent in November, compared with 0.2 percent in October, spurring an annual rise of 2.5 percent. Economists taking part in a Reuters poll had expected to see output rise 0.3 percent on the month and 1.8 percent for the year. “The data is mildly supportive for sterling but the big one would be UK inflation data next week and any news on Brexit negotiations,” said Viraj Patel, an FX strategist at ING in London. Sterling edged 0.4 percent lower at $1.3493, trimming some of it
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