Sterling hits new low against euro
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Sterling hit a new all-time low against the euro Friday and a ten-month low versus the dollar on forecasts of lower borrowing costs in Britain.
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The U.S. dollar hit a new all-time low against the euro Friday for the fourth straight day, pushing the European currency above $1.33 amid concerns about the twin U.S. deficits and the lack of any central bank action to stop the dollar's decline.
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The pound fell a 10-month low against the dollar and its lowest level against the euro on Wednesday, amid increasing speculation the Bank of England will deliver a back-to-back rate cut to revive a slowing British economy.
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The sagging U.S. dollar fell Thursday to its lowest level against the British pound since 1992.
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The dollar fell to a new low Wednesday against the euro, which touched $1.3646 in thin year-end trading.
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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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Sterling remained weak, the only currency to fall against the dollar, with the euro settling above 0.70.
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The pound slumped to a one-month low against the euro on concerns over the outlook for the UK economy combine with the continued fallout from news of the planned nationalisation of Northern Rock.
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The pound has edged lower against the dollar after reaching fresh two-year highs overnight.
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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 dollar tumbled to new lows against the euro yesterday as markets brushed aside an upgrade to US growth and a fresh warning from the European Central Bankâs President
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The dollar falls below the $1.35 level to a new record low against the euro as data fuels new concerns about the US economy.
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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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The pound touches its lowest level against the euro in 14 months amid fears over the strength of the UK economy.
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The pound was sharply lower after the IMF released a negative report on the UK, denting sentiment yet further after the release of more gloomy news on the UK housing market.
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The pound slipped to seven-week lows on mounting expectations that British interest rates may have peaked in light of weak economic data.
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The dollar fell to a new record low  against the euro on Tuesday as investors, tiring of tough talk  on exchange rates by European officials, dismissed new   warnings from euro zone officials.