Pound Falls Versus Dollar as Greece Forces Losses Onto Investors
This article is for subscribers only.
The pound fell for the first time in three days against the dollar after Greece forced investors to take losses on holdings of the nation’s bonds, damping demand for assets linked to European growth.
Two-year note yields headed for a second weekly advance as a report showed U.S. payrolls rose more than economists estimated in February. The euro fell after Greece invoked powers known as collective action clauses to boost investor participation in its government bond swap.