Pound tracks euro slide, falls against dollar
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The pound was lower against the dollar, tracking the euro's falls and also following a relatively dovish speech by Bank of England Monetary Policy Committee member Paul Tucker.
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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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Sterling was weaker against the single European currency, hitting 70 pence per euro and continuing to hover around that level after the Bank of England (BoE) released a dovish quarterly inflation report.
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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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The pound was also lower against both the dollar and the euro after a string of weak economic data in the morning.
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The euro slipped against the dollar and  yen on Tuesday after weaker-than-expected German investor  confidence data, while the dollar was soft ahead of U.S. data,  seen key for interest rate expectations.
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The pound tumbled to a nine-month low against the euro yesterday after the publication of October&#39;s minutes of the monetary policy committee showed there had been no discussion of a possible rate increase, fuelling speculation that interest rates have
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The pound has fallen to an all-time low against the euro as the outlook for the UK economy darkens.
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Sterling lost ground against the euro on fears that the European Central Bank (ECB) may hike interest rates on Thursday.
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The dollar sank to a record low against the euro on Thursday and stood near a 12-year low versus the pound after a round of robust U.S. economic data failed to dispel souring sentiment on the U.S. currency.
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Sterling slipped against the euro in the wake of further evidence that the housing market boom is coming to an end, suggesting that interest rates are close to their peak.
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The dollar sank to a 26-year trough against the British pound on Tuesday and held near a two-month low against the euro amid prospects of higher European interest rates, dealers said.
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The pound continued its descent Friday, falling to an all-time low against the euro as concerns about the UK economy next year weigh on the currency.
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The pound was on the backfoot against the dollar as the US currency rebounded, with the falls in the wake of a woeful survey on services sector activity proving short-lived on the widely accepted view that the slowdown is not confined to the US.
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The dollar fell against the pound and the euro yesterday, prompting calls for intervention to support the dollar from several European finance ministers.
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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 slipped back today after data suggested the service sector is slowing down more dramatically than had been anticipated.