Sterling falls to 1three-month low against US dollar
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The pound slipped below the 2.00 dollar threshold for the first time in three months amid mounting speculation that the Bank of England is set to slash interest rates over the next few months.
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The pound remained near six-month lows against the euro in the wake of news that Britain's trade position deteriorated further in July as the country sucked in more imports than it has ever done before in a single month.
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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 falls to a record low against the euro, as dealers expect more interest rate cuts in Britain in 2008.
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The dollar creeps to a new low against the euro in early European trade, after hitting a 12-year low against sterling.
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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 dollar sinks to 19-month lows of $1.30 against the euro amid concerns for the health of the US economy.
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The dollar fell to a one-month low  against the yen and held near a recent one-week low versus the  euro on Monday after weak U.S. jobs data raised questions about  future interest rate hikes in the United States.
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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 has posted short-lived gains against the dollar after the weak ISM data, rising briefly above the 1.97 dollar level to reach a one week-high against the US currency before edging back down again.
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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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The pound falls against the dollar amid continuing uncertainty over when Tony Blair will leave Downing Street.
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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 fell in European morning trade on Tuesday as yet more evidence emerged of a slowdown in the UK housing market, reducing the likelihood of further interest rate rises.
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The pound benefited from weak US data on Tuesday, which took the UK currency back above the 1.93 level against the dollar.
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The dollar hovered near a one-month low  against the euro on Tuesday as investors awaited U.S. inflation  data later in the day for clues on the future path of interest  rates.
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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.