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Sony cuts Euro PSP price, snubs UK

Blames unfavourable exchange rates.

Sony has cut the price of its PSP handheld across Europe today, but left out the UK.

As detailed on GamesIndustry.biz, the console will now sell for €129.99 (around £114), down from €179.99, though the UK's £129.99 tag doesn't budge.

"The price drop in continental Europe has been made possible by favourable fluctuations in the exchange rate between the Euro and the Yen," explained a spokesperson.

"Since we in the UK are vulnerable to two exchange rate calculations, pounds into Euro's and Euro's into Yen, we are not in a position to offer a similar cut in PSP for the UK."

The PSP's successor - the recently unveiled NGP – is on its way, possibly before the end of 2011.