Pound recovers against the dollar
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The pound was sharply lower against the dollar and the euro, apparently driven by fears banks may have to announce further writedowns in the coming months.
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The pound was solid against the euro despite mounting concerns about the state of Britain's public finances.
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The pound staged a late rally against the euro and dollar after strong economic data and ahead of the publication of minutes from the Bank of England (BoE) policymakers.
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The pound remained firm but was off the series of 26-year highs posted earlier against the dollar with the US Independence Day holiday and Thursday&#39;s interest rate decisions in the euro zone and UK preventing any major movements in the currency markets.
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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 strengthened against the dollar again on Monday afternoon, nearing the 26-year high of just over 2.06 US dollar that it struck earlier in the day.
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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 pound was trading at week lows against the dollar in Friday afternoon trading, as it reversed some of its solid gains made Thursday on the back of strong surveys on UK manufacturing and the retail sector. Sterling was also slightly weaker against the euro.
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The pound was steady Monday after falling to a four-and-a-half-month low against the dollar of 1.9652 US dollars this morning, as investors turn their attention to Thursday's interest rate decision by the Bank of England.
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Sterling rose against the euro and held firm against the dollar after solid retail sales figures dampened expectations that the Bank of England will cut interest rates in November.
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The pound climbed back above 2.0 dollars in early trading on Monday, as dealers priced in a likely interest rate hike by the Bank of England (BoE) next month.
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The pound was firmer against the dollar, tracking the broader downward move in the US currency.
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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 managed to hold steady against the euro and yen Friday despite falling against the dollar.
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Sterling recovered slightly against the euro after falling sharply on the back of a survey showing UK manufacturing activity weakened in September.
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The pound finished lower against major currencies on Tuesday, despite earlier hitting a high against the US dollar.
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Sterling pared gains it made against the dollar in the wake of surprisingly solid retail sales figures for August.