Sterling struggles, traders shake off bomb impact

TOKYO – Sterling struggled near 19-month lows against the US dollar on Friday, a day after it skidded lower following a series of fatal explosions in London.

The US dollar regained its poise against the euro and the yen after initially falling on worries about similar attacks in the United States, with the June jobs report later on Friday expected to bolster the case for more Federal Reserve rate rises. Investors around the world digested the initial shock of the bombings that killed at least 37 people and wounded around 700 but did not expect sustained damage to the global economy.European shares cut their big losses on Thursday and Wall Street stock prices rebounded to finish in positive territory.The Nikkei traded higher for most of the session before losing ground on weak Japan machinery orders data.-Nampa-ReutersInvestors around the world digested the initial shock of the bombings that killed at least 37 people and wounded around 700 but did not expect sustained damage to the global economy.European shares cut their big losses on Thursday and Wall Street stock prices rebounded to finish in positive territory.The Nikkei traded higher for most of the session before losing ground on weak Japan machinery orders data.-Nampa-Reuters