Pound at record low against euro
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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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The pound hit a seven-day high against the dollar on Thursday as it continued to benefit from a Bank of England statement which dampened speculation that the central bank will slash interest rates in February.
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The dollar stayed in striking distance of  record lows against the euro and a 12-year low versus sterling  on Monday in the wake of disappointing U.S. jobs data.
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The dollar hit a record low against the euro for a fourth day running on Friday but rebounded swiftly as traders grew nervous about the possibility of central bank intervention.
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The US dollar yesterday dropped to a record low against the euro in Tokyo and fell to its lowest level in nearly five years against the Japanese yen.
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The dollar sagged to a record low  against the euro on Tuesday after remarks on monetary policy by  European Central Bank President Jean-Claude Trichet did not  detract from bullish euro sentiment.
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The dollar on Wednesday sank to a record low against the euro and a 26-year trough against sterling for a second day on fears that the crisis in the U.S. subprime mortgage market could cause to a credit crunch.
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The pound on Wednesday reached a fresh 26-year high against the dollar, which also fell against the euro on the eve of European interest rate decisions.
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The pound hit another 26-year peak against the dollar on Tuesday, and the euro held close to a historic high point against the US unit as dealers bet on rising interest rates in Britain and the eurozone.
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The Japanese yen hits a record low against the euro amid concerns that growth in Asia may slow after the weekend's quake.
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The pound falls to a fresh all-time low against the euro on growing expectations of a cut in UK interest rates.
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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 sharply lower against the dollar and the euro, apparently driven by fears banks may have to announce further writedowns in the coming months.
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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 dollar equalled a record low point against the euro and plunged to a 12-year trough against the British pound when it failed to shake-off market concern about the twin US deficits.
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The pound fell a 10-month low against the dollar and its lowest level against the euro on Wednesday, amid increasing speculation the Bank of England will deliver a back-to-back rate cut to revive a slowing British economy.
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The pound breaches $2 - close to record highs - in early trade in Europe as investors price in an interest rate rise in July.