British Pound Declines Against Euro as U.K. Manufacturing Growth Slows

The pound fell against the euro and erased its advance versus the dollar after a report showed U.K. manufacturing growth slowed in August.

The pound was 0.5 percent weaker at 82.99 pence per euro as of 9:37 a.m. in London and unchanged at $1.5348.

An index of U.K. manufacturing fell to 54.3 in August from a revised 56.9 the previous month, the lowest in nine months, the Chartered Institute of Purchasing and Supply and Markit Economics said in a statement in London today.

To contact the reporter on this story: Matthew Brown in London at mbrown42@bloomberg.net

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