Pound dips after suspected deadly U.K. terrorist attack, yen gains

Sterling fell Tuesday after a suspected terrorist attack in the U.K. left at least 22 people dead.

The pound was off 0.16% at $1.2974 at 3:00 ET as the yen rose on safe-haven buying.

The blast at the end of a concert in the English city of Manchester late Monday also left some 60 people injured.

The incident took place some two weeks before the U.K. general election on June 8. Campaigning has been suspended.

The dollar fell 0.25% to 111.02 yen. Yen gains capped by Japan manufacturing PMI falling in May to six-month lows.
The dollar index steadied but remained under pressure near six-month lows. The index was up 0.02% at 96.90.
The euro held above $1.12 near multi-month highs as Angela Merkel said Monday the single currency was “too weak.”
Political concerns surrounding the Trump administration and its economic agenda continue to weigh on the dollar.

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