Sterling falls against euro

Sterling fell to a seven-week low against the euro on Thursday, hitting a two-month trough on a trade-weighted basis, with traders citing year-end clearer selling while thin liquidity exaggerated price movements. A 1 percent drop against the euro in very low volume pushed the pound down across the board, taking it to a near two-year low versus the yen, an all-time low against the Swiss franc and a multi-year low against the New Zealand dollar.