Market News
Sterling picks up versus dollar, flat against euro - REUTERS
LONDON, Dec 3 (Reuters) - Sterling gained against the dollar on Tuesday after dovish comments from Federal Reserve Governor Christopher Waller and was steady against the euro as political turmoil in France kept investors on edge.
The pound was last up 0.16% at $1.2678, recovering some of Monday's 0.7% loss. In the last three months, the pound has fallen 3.33% against the dollar.
Waller, a U.S. rate-setter, said on Monday that with inflation still forecast to fall to 2%, he is inclined "at present" to support another interest rate cut later this month.
