Pound slips after early gains
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The pound slipped back a touch after earlier gains, which came on the back of figures showing UK producer prices soared during January.
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Sterling softened after data released this morning by the British Banking Association provided further evidence that house prices are finally starting to cool.
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The pound wobbled after minutes to the Bank of England&#39;s September monetary policy decision indicated there are no further rate rises on the agenda.
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The pound steadied out after a woeful performance earlier in the day, which was sparked by a run on deposits at embattled lender Northern Rock.
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The pound was up against major currencies Wednesday as the sell-off on the world's stock markets eased.
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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 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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The pound was firm across the board, with little on the radar ahead of Thursday&#39;s interest rate decision by the Bank of England (BoE).
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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 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 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 down against the Euro and US dollar but made gains on the Japanese yen.
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The pound was slightly stronger after falling this morning on softer-than expected earnings figures.
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The pound strengthened slightly against the dollar but remained weak against the euro after the release of more downbeat news on the UK housing market.
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The pound recovered a large chunk of its earlier losses, triggered when figures showed consumer inflation crept up less than expected during January.
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The pound picked up against the dollar and the yen, but remained weak against the euro, with a raft of weak data recently suggesting that the Bank of England's next interest rate move is likely to be down.
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The pound was slightly weaker than this morning after some housing data showed a gradual easing in house price inflation and retail sales data came in largely as expected.