Sterling tumbled almost a cent against the dollar, down 0.7pc to $1.5145, as traders said falling inflation raised the prospect of more stimulus when Mark Carney takes over as Bank of England Governor in July.
... Off. � Apple chief exec to be grilled by US politicians on tax � McCain: Apple tax gives new meaning to 'think different' � UK inflation falls further than expected to 2.4pc � G4S chief executive Nick Buckles steps down � Marks & Spencer profits fall after clothing ...
It's back to basics on the FTSE 100 this morning, with the biggest movers at both ends of a steady index tracking changes to their earnings guidance.
Sector movers: Burberry lifts personal goods sector after record results LONDON (SHARECAST) - Burberry was trading at 12-month highs on Tuesday after beating expectations with its 2012/13 results, lifting the personal goods sector to the top of the pile.
May.21 - Vodafone's posted the largest ever fall in its main revenue measure, forcing it to keep a dividend from Verizon, its healthy U.S.