U.K. Pound Erases Decline Versus Dollar to Trade Little Changed at $1.6205

The pound erased a drop versus the dollar and pared a decline against the euro.

The U.K. currency traded little changed at $1.6205 as of 11:29 a.m. in London, after falling 0.2 percent to $1.6167.

Sterling stayed 0.3 percent lower at 88.59 pence per euro.

To contact the reporter on this story: Lucy Meakin in London at lmeakin1@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net

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