Sterling pinned near one month low after British GDP data

The pound was pinned around a one month low on the dollar on Friday, getting little support from data that showed Britain’s economy returned to growth in August.

Sterling was last flat on the day on the dollar at $1.3069, just off the $1.3011 hit Thursday, its lowest since mid Sept.

It was also flat on the euro, at 83.70 pence to the common currency.

Economic output rose by 0.2 per cent in monthly terms in August, according to figures from the Office for National Statistics ...