Economics
Pound Rises Second Day Versus Euro After Service Sector Expands
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The pound strengthened for a second day against the euro after a survey showed the U.K. services sector grew more than economists forecast last month.
Sterling advanced versus 12 of its 16 major counterparts as European stocks declined, underpinning the attraction of U.K. assets as a haven from the euro area debt crisis. A gauge of British manufacturing released yesterday also beat the median estimate of economists surveyed by Bloomberg News. U.K. government bonds rose.