The euro hovered near a six-month high against the dollar, while the pound sagged against the yen following a deadly blast at a concert in Manchester.
The euro hovered near a six-month high against the dollar on Tuesday after German Chancellor Angela Merkel said the currency was “too weak, ” while the pound sagged against the yen after a blast at a concert in Britain’s city of Manchester killed at least 19 people.
Sterling shed 0.45 percent to 144.07 yen, but otherwise the currency was fairly steady against its major rivals. It was little changed against the dollar at $1.2994. On Monday, the pound had lost about 0.3 percent after polls showed a narrowing lead for Prime Minister Theresa May over her opposition ahead of elections next month.
Police said they were responding to reports of an explosion at a concert in the English city of Manchester where U. S. singer Ariana Grande had been performing. At least 19 people dead and about 50 injured in what British police said was being treated as a terrorist incident.
