Market News
Sterling hits fresh 2-1/2-month low versus euro, falls against dollar - REUTERS
Jan 14 (Reuters) - The British pound was poised to record a sixth consecutive day of decline against the dollar on Tuesday and hit a fresh 2-1/2-month low versus the euro as concerns about Britain's fiscal sustainability continued to weigh.
Heavy government bond supply has put pressure on British asset prices, while inflation concerns have driven bond yields higher on both sides of the Atlantic.
Investors will closely watch U.S. inflation readings, which could provide further clues on how stubborn U.S. price pressures are. Producer price figures are due later on Tuesday, with consumer prices on Wednesday.
