US dollar gaining as stocks extend slide

Author: Adam Button | Category: News

The S&P 500 is at the lows of the day in a shortened session that ends at 1 pm ET( 1800 GMT).

Cable is now down more than 80 pips from midway though European trading. The moves today are surprisingly large, given the lack of newsflow.

Continued worries about the fiscal cliff could make the week ahead unusually volatile for this time of year.