Sterling battered to nine-month low

  Sterling continued its fall to hit a nine-month low against the dollar on Friday as the US currency continued to gain broadly after the Federal Reserve raised its discount rate.The pound fell more than 1.5 percent from late New York levels to & #36;1.5377, its weakest since mid-May 2009.It also fell against the euro, which rose 0.4% to 87.63p, its highest in roughly a week.The pound was weakened this week following figures showing rising unemployment and the poor state of the country & rsquo;s finances. The UK showed a budget deficit last month for the first January on record.  

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