Pound weaker against major currencies
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The pound was down agaist all major currencies in early trading Tuesday.
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The pound slipped Thursday after accounts from the Bank of England revealed it had lent another 4.65 billion pounds over the past week, with players speculating that this was to Northern Rock.
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The pound has edged lower against the dollar after reaching fresh two-year highs overnight.
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Sterling remained weak after disappointing trade data as the US Dollar held firm against major currencies.
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The pound fell a 10-month low against the dollar and its lowest level against the euro on Wednesday, amid increasing speculation the Bank of England will deliver a back-to-back rate cut to revive a slowing British economy.
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The pound eased back after the week's steep gains as rate hike expectations receded into the background slightly as the flow of data slowed today.
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The pound remained under pressure, hitting a four-and-a-half year low against the euro of and four month low  against the dollar.
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The pound has retreated against its major rivals after the Bank of England's (BoE) decision to leave interest rates unchanged at 4.75 percent.
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The dollar dropped against most major  currencies on Wednesday after mixed data on U.S. durable goods  orders and weaker-than-expected new home sales did little to  brighten the U.S. economic outlook.
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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 down early Thursday afternoon after softer-than-expected retail sales figures for the UK -- hurt by the recent rises in borrowing rates and poor weather -- eased the likelihood of a quick successive interest rate hike next month.
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The pound came under renewed selling pressure to move under 1.79 US dollars briefly.
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The pound was down against the major currencies midafternoon despite relatively hawkish comments from the Bank of England following surprisingly resilient US jobs data and some dovish comments from the European Central Bank.
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The pound was on the backfoot against the dollar following the release of a survey by property website Hometrack, which showed yet more evidence of a cooling in the housing market.
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The pound remained broadly weaker after a drop in the UK manufacturing PMI Wednesday.
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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 pound was lower after short-lived gains following the Bank of England's (BoE) decision to keep rates unchanged at 5.50 percent.