U.K. Pound Erases Gains Versus Dollar, Declines Against Euro

Sept. 12 -- The pound erased earlier advances against the dollar and fell versus the euro on speculation interest rates in the U.K. have peaked.

The pound traded at $2.0319 by 9:15 a.m. in London after rising to $2.0360 earlier, and compared with $2.0333 yesterday. Against the euro, the pound fell to 68.14 pence from 68.06 in the previous session.

By Anchalee Worrachate (Bloomberg)

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