Euromoney cautious on pound

Euromoney Institutional Investor, the publisher of financial magazines, journals and data products, said the strength of the sterling against the dollar is expected to have a significant impact on trading in the second quarter. The company generates two-thirds of its revenue in US dollars. The pound has risen more than nine per cent against the dollar in the last six months. Group revenue increased three per cent to £98.4m during the first quarter.

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