Pound slips against the euro
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The pound reached five-week lows against the euro, following disappointing data on retail sales and housing prices this week.
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The pound remained on the defensive, falling to a 14-month low against the euro, as fear gripped the UK&#39;s banking system following the news that Northern Rock has had to seek emergency funding from the Bank of England to stay afloat.
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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 was weak ahead of Wednesday's publication of both economic growth data and the minutes to last month's rate-setting meeting at the Bank of England (BoE).
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The pound was rangebound against the euro and dollar on Wednesday on the eve of an interest rate decisions by the Bank of England (BoE).
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The pound crept up against the dollar and euro on Monday after a slight rise in producer prices was interpreted by investors as a sign that the Bank of England (BoE) will be forced to raise interest rates.
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The euro eased lower against the dollar in rangebound trading on the eve of key interest rate decisions in both the eurozone and Britain, dealers said Wednesday.
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The pound slipped back today after data suggested the service sector is slowing down more dramatically than had been anticipated.
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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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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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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 pound rose to a month high against the dollar, tracking the dollar's slide, but continued to weaken against the euro after this morning's Nationwide house price survey for September continued to show subdued growth.
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The pound edged up against the dollar but dipped against the euro as market players awaited a speech at 5.30 pm on Monday by the arch dove on the Bank of England's Monetary Policy Committee, David Blanchflower.
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The pound suffered losses against the dollar and Euro today.
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The pound dropped sharply against the dollar on profit-taking after earlier gains, falling towards the 1.95 US dollar level.
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The pound fell back against the dollar after a crucial US jobs report eased concerns about the state of the US economy.
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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.