Pound Erases Gain Versus Euro, Is Little Changed at 86.34 Pence

The pound erased a 0.4 percent advance against the euro to trade little changed at 86.34 pence as of 1:16 p.m. London time.

The U.K. currency was also little changed at $1.5466, after rising as much as 0.3 percent to $1.5504.

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