Pound reaches 14-month euro low
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The pound touches its lowest level against the euro in 14 months amid fears over the strength of the UK economy.
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The sagging U.S. dollar fell Thursday to its lowest level against the British pound since 1992.
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The pound nearly broke the two-dollar mark after hitting fresh 14-year highs in the late afternoon.
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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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Germany's jobless rate falls to a 14-year low, despite the high euro and muted consumer confidence.
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THE US dollar hit a record low against the euro overnight, and the Bank of Englandâs chief economist warns it may fall further. The dollar also hit a nine-month low against the pound, and its lowest in nearly five years against the yen.
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Sterling hits a 14-year high against the dollar amid speculation that UK interest rates will rise in the New Year.
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The pound dropped slightly against the euro and the dollar after a relatively downbeat quarterly industrial trends survey from the Confederation of British Industry.
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The pound slumped to a low against the dollar with investors looking ahead to Wednesday's release of the minutes to the December Monetary Policy Committee meeting.
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The pound finished lower against major currencies on Tuesday, despite earlier hitting a high against the US dollar.
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The dollar has slumped to 14-year lows against the pound following disappointing US weekly jobless claims numbers.
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The dollar hit an eight-month low against the euro on Tuesday, coming within a cent of a record low, and set its lowest level in eight years versus Swiss franc on concerns about the U.S. economy and current account gap.
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Sterling slumped to a record low against the euro Wednesday after the release of weak British economic data that raised expectations of further interest rate cuts by the Bank of England.
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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 US economic data failed to dispel increasingly negative sentiment on the US currency.
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The pound remained broadly weaker after a drop in the UK manufacturing PMI Wednesday.
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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 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.