Pound up against euro, down against dollar (AFP)
11.09.2008 21:05 Business
LONDON (AFP) - The pound benefitted from a weaker euro on Thursday on heightened concerns about the European economy.
Sterling was slightly down against the dollar, however, as the greenback was supported by a fall in crude oil prices and gains in US financial shares.
The single European currency was sold off after the European Commission had on Wednesday warned that the 15-member eurozone is teetering on the brink of recession.
News of a wider-than-expected US trade deficit in July did not hurt the greenback which has been on a winning streak in recent weeks.
| Sterling | 16:54BST | Wednesday close |
| Euro | 1.2558 up from | 1.2524 |
| US dollar | 1.7485 down from | 1.7497 |
| Yen | 186.73 down from | 188.53 |
| Swiss franc | 1.9950 up from | 1.9922 |
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