Sterling falls against dollar after weak inflation figures
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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.
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The pound slipped to seven-week lows on mounting expectations that British interest rates may have peaked in light of weak economic data.
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Sterling remained weak after this morning's survey by the Royal Institute of Chartered Surveyors showed house prices slipped in August as higher interest rates take their toll.
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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 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 U.S. economic data failed to dispel souring sentiment on the U.S. currency.
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The dollar plunged to an all-time low against the euro yesterday, and fell past 1.90 to the pound, as European and Japanese central bankers stayed quiet on the prospect of an intervention.
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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 slid back against the pound after surprisingly dovish comments on inflation from US Federal Reserve chairman Alan Greenspan.
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Sterling was weak ahead of Wednesday's publication of both economic growth data and the minutes to last month's rate-setting meeting at the Bank of England (BoE).
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The dollar fell against the pound after it took a knock from a vastly weaker than expected US labour market report.
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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 dollar sank to a 26-year trough against the British pound on Tuesday and held near a two-month low against the euro amid prospects of higher European interest rates, dealers said.
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The pound falls against the dollar amid continuing uncertainty over when Tony Blair will leave Downing Street.
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Sterling recovered slightly against the euro after falling sharply on the back of a survey showing UK manufacturing activity weakened in September.
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The dollar fell against the pound and the euro yesterday, prompting calls for intervention to support the dollar from several European finance ministers.
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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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Sterling lost ground against the euro on fears that the European Central Bank (ECB) may hike interest rates on Thursday.