Sterling loses ground against euro
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Sterling slipped against the euro in the wake of further evidence that the housing market boom is coming to an end, suggesting that interest rates are close to their peak.
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Sterling remained solid against both the dollar and the euro -- which dipped below 0.6850 pounds -- as a week of strong data has prompted some re-evaluation of future interest rate expectations.
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Sterling was weaker against the single European currency, hitting 70 pence per euro and continuing to hover around that level after the Bank of England (BoE) released a dovish quarterly inflation report.
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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 pound was lower after short-lived gains following the Bank of England's (BoE) decision to keep rates unchanged at 5.50 percent.
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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 dollar backed off a two-month high  against the euro and sterling on Wednesday, losing momentum  after Tuesday's rally on the back of stronger than expected  data on foreign capital flows to the United States.
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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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Sterling stabilised at lower levels against the euro, as well as falling against the dollar, as it remained on the backfoot after last week's weak data and dovish comments by the Bank of England's (BoE) Monetary Policy Committee (MPC) member Kate Barker.
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Sterling staged a late rally against the leading currencies after it had slumped to monthly lows against the yen and dollar on Monday.
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The pound was edging lower amid indications that inflationary pressures in the UK may be easing, in turn weighing on rate hike expectations.
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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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Sterling continued to post very moderate rises after being largely in the doldrums lately due to a recent spate of weak data confirming that the housing market is cooling while high street spending continues to slip.
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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 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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Sterling rose against the euro and held firm against the dollar after solid retail sales figures dampened expectations that the Bank of England will cut interest rates in November.
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Sterling has received a modest boost against the dollar after positive job market figures showed a fall in the number people making jobless claims.