Pound recovers a touch after N Rock tremors
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The pound steadied out after a woeful performance earlier in the day, which was sparked by a run on deposits at embattled lender Northern Rock.
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The pound has retreated against its major rivals after the Bank of England's (BoE) decision to leave interest rates unchanged at 4.75 percent.
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The pound steadied after weakening a touch following the minutes of the Bank of England's last rate setting deliberations which revealed a split vote in favour of a rate hike earlier this month.
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The pound slipped Thursday after accounts from the Bank of England revealed it had lent another 4.65 billion pounds over the past week, with players speculating that this was to Northern Rock.
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The pound remained firm, having built up gains over the day ahead of tomorrow&#39;s release of minutes from the Bank of England&#39;s Monetary Policy Committee&#39;s last rate setting meeting.
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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 continued to be supported by mounting expectations that the Bank of England will not raise interest rates any time soon, in light of stronger than expected fourth quarter GDP growth, a seemingly steadier housing market and emerging pipeline price pressures.
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The pound remained sharply higher after the Bank of England's decision to hike interest rates by 25 basis points to 4.75 percent surprised the market, which had been expecting rates to be left on hold.
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The pound hit a seven-day high against the dollar on Thursday as it continued to benefit from a Bank of England statement which dampened speculation that the central bank will slash interest rates in February.
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The pound has risen to a six-week high against the dollar following stronger-than-expected economic growth data.
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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 recovered a large chunk of its earlier losses, triggered when figures showed consumer inflation crept up less than expected during January.
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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 eased off earlier highs against the dollar but remained steady against the euro.
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The pound was solid on Wednesday after the release of strong wage and consumer confidence surveys.
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The pound remained on the weak side following last week&#039;s dovish minutes from the Bank of England&#039;s rate setting panel. It was a quiet day for UK data.
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Lenders' shares rebound after Monday's bruising.