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Sterling drifts lower, unmoved by Vlieghe message
Fawad Maqsood
28 Nov, 2016
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Copyright Reuters, 2016
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![](https://i.brecorder.com/images/2016/11/sterling-pound-nov.jpg">LONDON: Sterling drifted lower against both the dollar and euro on Monday, with dealers citing one substantial late morning order as having moved currency rates in a session dominated by a correction to recent dollar gains. </P><P>The euro, also helped initially by Sunday's victory for Francois Fillon in the French right's presidential primary, was 0.3 percent higher against sterling after racking up its worst run of weekly losses against the pound since early 2015 last week. </P><P>Against the dollar, the pound slid half a percent, briefly trading below $1.24 for the first time in two weeks before recovering to $1.2422. It traded at 85.22 pence per euro. </P><P>)
