By Tom Wilson
LONDON, April 8 (Reuters) - Sterling on Thursday stabilised against the dollar and euro, staunching some of its losses after a bruising bout of profit-taking a day earlier.
The pound slumped 0.6% to a one-week low against the dollar and around 1% against the euro on Wednesday as investors took cash off the table after a strong first quarter for the British currency.
But by 0847 GMT on Thursday, sterling was flat against the dollar at $1.3725, according to Yahoo! Finance, having touched its lowest this month a day earlier.
Against the euro, it traded down slightly at 86.42 pence per euro, according to Yahoo! Finance, after its worst day against the single currency in five weeks.