Pound stages late rally against dollar
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Sterling zig-zagged against its main rivals before staging a late rally to recover some of its early losses against the US dollar.
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The pound has staged a late recovery against the euro after slumping to a six-day low against the single European currency.
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The pound remained near day lows after a raft of British economic data cemented expectations that interest rates may not rise again in this cycle.
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The pound slumped to a low against the dollar with investors looking ahead to Wednesday's release of the minutes to the December Monetary Policy Committee meeting.
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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.
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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 stayed solidly above the 1.99 dollars level and hit new multi-year highs against the yen, consolidating its strength after the minutes from the Bank of England&#39;s (BoE) last rate-setting meeting fuelled expectations for higher interest rates.
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The U.S. dollar rallied after dropping to a record low Thursday against the euro amid uncertainty about whether officials would intervene to curb the currency's slide.
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The pound rose againt a weaker dollar and against the yen on Tuesday, as the markets tried to work out whether a US interest rate cut was on the cards.
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LONDON : The pound was higher against the dollar after the minutes of the Bank of England&#39;s (BoE) last rate setting deliberations revealed a dovish stance.
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The pound has risen, hitting new 10-month highs against the euro, on continued expectations that the Bank of England will raise interest rates further in November.
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The pound lost ground on the dollar after the Bank of England's decision to leave its main borrowing rates unchanged at 5.25 percent, analysts said Thursday.
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The pound gained, reaching a nine-day high against the euro and the dollar after earlier relatively hawkish comments from Bank of England Monetary Policy Committee member John Gieve.
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The pound soared against the dollar on Wednesday amid mounting speculation that the Federal Reserve will cut interest rates by at least a quarter point to boost the flagging US economy.
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The pound jumped back up towards the 2.02 dollar level, adding to its strength from earlier in the day.
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The dollar rallied on Thursday from a  record low against the euro as traders attempted to square  positions ahead of a meeting of G20 finance ministers this  weekend.
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The pound surged to another 26-year high against the US dollar on Wednesday, the eve of a widely expected interest rate hike from the Bank of England, dealers said.