Fed's Dudley: Poor jobs data reflects 'temporary' weakness

New York (AFP) - The poor US labor market report for March is probably only part of a temporary downturn in the economy, a senior Federal Reserve official said Monday.

Sterling falls, gilts erase losses after BoE dissenters' U-turn

Jan 21 (Reuters) - Sterling fell and gilt futures erased losses on Wednesday after minutes from the latest Bank of England policy meeting showed two members had dropped their call for a hike in interest rates.