Pound steady on consumer spending waning
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The pound was steady as a UK consumer confidence survey provided further evidence that consumer spending is on the wane as the Bank of Engand's latest interest rate hikes take their toll.
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The pound held firm against the dollar and euro on Friday after a robust wages survey indicated that the Bank of England will continue to trim interest rates as it tries to keep a grip on inflationary pressures in the British economy.
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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 has made slight gains against the dollar on the back of yesterday's release of Bank of England minutes which suggested a further hike in interest rates is unlikely.
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US consumer spending picks up again, official figures show, but retailers are still  concerned about Christmas spending.
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Weak trade figures weighed on the pound as the Bank of England decided to keep its benchmark repo rate unchanged.
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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 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 solid against the euro after British retail sales data showed spending on the high street to be more resilient than expected.
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The pound was little changed after data showing that producers are passing on price increases and that house prices are rising.
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The pound steadied after weakening a touch following the minutes of the Bank of England's last rate setting deliberations which revealed a split vote in favour of a rate hike earlier this month.
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The pound remained firm, having built up gains over the day ahead of tomorrow&#39;s release of minutes from the Bank of England&#39;s Monetary Policy Committee&#39;s last rate setting meeting.
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Sterling was little changed against the euro despite a better-than-expected retail sales survey from the Confederation of British Industry (CBI) for the crucial Christmas trading period.
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Sterling picked up slightly from earlier levels but remained on the weak side, with analysts now confident that the Bank of England's Monetary Policy Committee will not raise interest rates when it meets next week.
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The pound was edging lower amid indications that inflationary pressures in the UK may be easing, in turn weighing on rate hike expectations.
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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 slipped against the dollar after weak inflation figures fuelled expectations that the Bank of England will cut interest rates in the coming months, dealers said Tuesday.