Pound slips slightly as dollar bounces back
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The pound was down against all major currencies as the dollar recoverd following some encouraging US economic news.
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The dollar bounces back from earlier lows, amid hopes of central bank intervention to support the currency.
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The pound came under renewed selling pressure to move under 1.79 US dollars briefly.
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The pound was steady, though off an earlier fresh 26-year high against the dollar as the latter bounced back on relief that Thursday afternoon&#39;s US economic news was not as bad as some had feared.
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The pound was mostly lower against major currencies Wednesday, quickly reversing earlier gains as market players concluded that today's stronger-than-expected fourth-quarter UK GDP data and hawkish Monetary Policy Committee minutes are unlikely to mean the Bank of England will not cut interest rates next month.
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The pound has stayed on the back foot as markets reevaluated rate expectations following the Bank of England's decision earlier this week to hold rates at 5.25 percent.
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The pound managed a small comeback against the US dollar on Friday after a raft of economic data helped the beleaguered British currency.
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The pound also rose earlier in the day, only to see much of its gains lost as the dollar recovered in the afternoon.
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The dollar shuttled in a narrow range  against most major currencies in light trade ahead of  Christmas, but sterling tumbled on fears that UK interest rates  could move lower.
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NEW YORK  - The dollar managed to firm slightly, lifted by stronger than expected US factory orders, after hitting yet another all-time low against the euro.
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The pound was slightly stronger after falling this morning on softer-than expected earnings figures.
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The pound was firmer against the dollar, tracking the broader downward move in the US currency.
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The pound managed to hold steady against the euro and yen Friday despite falling against the dollar.
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The pound remained near 26-year highs against the dollar amid expectations of  further monetary tightening in the UK at the same time as housing concerns continue to dog thinking about the US economic outlook.
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The pound was on the backfoot against the euro as further evidence emerged of a slowdown in the housing market.
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The pound held its ground against the dollar despite strong economic data reinforced expectations that the US economy is enjoying a soft landing.
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The pound drifted lower against a resurgent euro after Britain&#039;s deficit for trade in goods widened in May from the figure for April.