Dollar slips agianst the pound
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The pound was higher against the dollar after the minutes of the Bank of England's (BoE) last rate setting deliberations revealed a dovish stance.
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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 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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The strength of US data added to the pound's woes Wednesday, pushing it briefly to a four-week low against the dollar at around 1.9360 US dollars.
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The dollar slipped on Monday as market players hesitated to push the currency much higher before upcoming U.S. trade data and a Federal Reserve meeting.
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The pound continued to slide after the Bank of England left interest rates unchanged at 5.50 percent today. The decision was widely expected, although financial markets were pricing in a 20 percent chance of a surprise hike, leaving the pound vulnerable.
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The dollar slipped on Tuesday, pushed  down by a report showing the U.S. current account deficit  ballooned to a new record in the second quarter.
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The pound remained stuck around the 2.00 dollar level on Monday, crossing the psychologically-important threshold on a few occasions. The pound has risen steadily since last week, when the minutes to the Bank of England&#39;s June meeting showed the Monetary Policy Committee is very likely to vote for a rate hike next week.
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The pound held its ground against the dollar despite strong economic data reinforced expectations that the US economy is enjoying a soft landing.
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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 has stayed on the back foot as markets reevaluated rate expectations following the Bank of England's decision earlier this week to hold rates at 5.25 percent.
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The dollar slipped against the euro   on Tuesday, after a report showing the U.S. current account  deficit widened to a record in the second quarter.
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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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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 slipped back against major rivals on the eve of key US inflation and industrial data, and following stronger-than-expected US retail sales.
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The dollar slipped against the yen on  Wednesday after a Bank of Japan survey suggested the  deterioration in Japanese business sentiment was not as bad as  some had feared.