Pound Declines as Majority of U.K. Manufacturers See Contraction
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The pound fell for the first time in four days against the dollar as a report showed the majority of U.K. manufacturers are seeing orders decline.
Sterling weakened against 12 of its 16 major peers amid bets the central bank will resume asset-purchases under its program of so-called quantitative easing. A gauge of manufacturing orders rose to minus 12 from minus 21 in November, the Confederation of British Industry said.