London - The pound erased a gain versus the dollar and weakened versus the euro after as Germany was said to instruct officials to avoid any back-channel contacts that could hand UK an advantage in talks on that nation’s exit from the European Union.
Sterling was little changed at $1.2294 as of 12:17, after rising as much as 0.3%. It weakened 0.2% to 89.45 pence per euro.
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