Euro down against dollar, pound rises

The euro fell against the dollar while the British pound rose on Friday in the wake of Thursday's European interest rate decisions, which largely met market expectations. The 16-nation euro bought $1.2768 in morning European trading, down from $1.2796

U.K. Producer Prices Rise 3.5% Annually, Reinforcing Concerns For Deflation

Output prices in the U.K. unexpectedly increased 0.1% in January amid expectations for a 0.1% decline, while the annual rate rose at its slowest pace since September 2007 as firms continued to face weakening demands from home and abroad. The breakdown