Pound slips against dollar
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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 falls against the dollar amid continuing uncertainty over when Tony Blair will leave Downing Street.
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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 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 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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The pound was lower after short-lived gains following the Bank of England's (BoE) decision to keep rates unchanged at 5.50 percent.
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The pound slipped Thursday after accounts from the Bank of England revealed it had lent another 4.65 billion pounds over the past week, with players speculating that this was to Northern Rock.
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Â· Pound falls as news swirls around money marketsÂ· US Fed poised to cut rates amid global liquidity crisis
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The pound rose againt a weaker dollar and against the yen on Tuesday, as the markets tried to work out whether a US interest rate cut was on the cards.
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The pound remained firm but was off the series of 26-year highs posted earlier against the dollar with the US Independence Day holiday and Thursday&#39;s interest rate decisions in the euro zone and UK preventing any major movements in the currency markets.
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The pound was under the 1.88 US dollar level after another set of mixed data left the path of interest rates in the country unclear.
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The pound was down early Thursday afternoon after softer-than-expected retail sales figures for the UK -- hurt by the recent rises in borrowing rates and poor weather -- eased the likelihood of a quick successive interest rate hike next month.
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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 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 was steady Monday after falling to a four-and-a-half-month low against the dollar of 1.9652 US dollars this morning, as investors turn their attention to Thursday's interest rate decision by the Bank of England.
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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 and the Australian dollar continued to waver as they approached key levels against the US dollar of 2 dollars and 0.8 dollar respectively.