Pound weak against the dollar
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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 has remained on a back foot after a surprise fall in retail sales and house price growth this morning.
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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 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 has edged lower against the dollar after reaching fresh two-year highs overnight.
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Sterling pared some of its losses but remained weak, particularly against the euro after the dovish minutes from the Monetary Policy Committee's last meeting were released.
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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 was mostly lower against major currencies Wednesday, quickly reversing earlier gains as market players concluded that today's stronger-than-expected fourth-quarter UK GDP data and hawkish Monetary Policy Committee minutes are unlikely to mean the Bank of England will not cut interest rates next month.
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Business & money: Jitters in world financial markets over US housing market send pound to $2.06 against the 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 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 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 held firm against the dollar after it was dented by surprising falls in industrial and manufacturing production.
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The dollar sank to a record low against  the euro on Thursday and stood near a 12-year low versus the  pound after a round of robust U.S. economic data failed to  dispel souring sentiment on the U.S. currency.
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The dollar plunged to an all-time low against the euro yesterday, and fell past 1.90 to the pound, as European and Japanese central bankers stayed quiet on the prospect of an intervention.
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Sterling remained weak after disappointing trade data as the US Dollar held firm against major currencies.
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The pound remained near 26-year highs against the dollar amid expectations of  further monetary tightening in the UK at the same time as housing concerns continue to dog thinking about the US economic outlook.