Sterling slumps to new low against euro
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The pound fell to a new low against the euro amid mounting expectations that the Bank of England will cut interest rates in February.
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The dollar tumbled to new all-time lows against the euro, a 12-year nadir against sterling and a near five-year trough against the yen, buckling under the weight of the US twin deficits.
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The pound tumbled to a nine-month low against the euro yesterday after the publication of October&#39;s minutes of the monetary policy committee showed there had been no discussion of a possible rate increase, fuelling speculation that interest rates have
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The pound bounced back in afternoon trade but remained near seven-month lows against the euro after an extremely dovish set of minutes from the last meeting of the Bank of England's rate-setting body cemented expectations that the UK's cost of borrowing is at, or near, its peak.
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Sterling fell in European morning trade on Tuesday as yet more evidence emerged of a slowdown in the UK housing market, reducing the likelihood of further interest rate rises.
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The dollar sank to a new all-time low against the euro as markets brushed aside tougher talk from European officials urging action to reduce global economic imbalances.
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The pound has staged a late recovery against the euro after slumping to a six-day low against the single European currency.
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The pound dropped to an eight-month low against the euro after a weak UK housing market survey hit the market prematurely.
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The dollar falls to yet another record low against the euro and slips  to its lowest rate against the pound since 1992.
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The US dollar is dragged down further to a new low against the euro after US economic data.
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The dollar tumbled to a record low  against the euro and a 12-year trough versus sterling on  Wednesday as it ran into a fresh wave of selling after  consolidating earlier this week.
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The dollar tumbled to a record low against the euro and a 12-year trough versus sterling on Wednesday as the greenback ran into a fresh wave of selling after consolidation earlier this week.
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The dollar hit a fresh low against the euro on Monday after comments from a eurozone finance minister quashed currency traders&#39; speculation about intervention
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The dollar slid to a record low against  the euro on worries about U.S. subprime mortgages and hit a  26-year trough versus sterling on Wednesday after British data  bolstered expectations for higher interest rates in Britain.
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Fading hopes for intervention by European and Japanese central banks depress the dollar to new lows against the euro, yen and pound.
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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 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.