Sterling holds at five-month low after UK labour data [Yahoo! Finance]
SOCIETE GENL FRNCE S/ADR (SCGLY)
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Source: Yahoo! Finance
LONDON, April 16 (Reuters) - Sterling stayed at a five-month low versus the dollar on Tuesday, after data showed Britain's unemployment rate rose by more-than-expected. The pound was last flat on the day against the dollar at $1.24475, having touched its lowest since Nov. 17, earlier in the session. It was also steady versus the euro, which stood at 85.36 pence. The UK unemployment rate in the three months to February rose to 4.2% from 3.9%, although the Office for National Statistics said there was still some volatility in its data as it overhauls its survey which produces the figure. A Reuters poll of economists had forecast the February figure at 4%. Regular wages excluding bonuses grew by 6.0% compared with the same period a year earlier, easing from an increase of 6.1% in the November-to-January period. "The labour market is clearly cooling. Wages take more time to react, but they're also slowing," said Kenneth Broux, head of corporate research, FX and Rates at Societe
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