Pound falls on hints that interest rates have peaked
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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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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 continued its descent Friday, falling to an all-time low against the euro as concerns about the UK economy next year weigh on the currency.
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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 falls against the dollar amid continuing uncertainty over when Tony Blair will leave Downing Street.
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The pound slipped back today after data suggested the service sector is slowing down more dramatically than had been anticipated.
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The pound stabilised against major currencies after falling in the wake of what was perceived as a dovish set of minutes at the Bank of England's (BoE) last rate setting meeting earlier in the month.
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Sterling lost a fair bit of ground ahead of tomorrow's release of the minutes from latest Monetary Policy Committee meeting when British interest rates were hiked to 4.75 percent.
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LONDON: The British economy braked sharply in the third quarter when growth slowed to 0.4 per cent, the weakest pace for over a year, as a string of interest rate rises took effect, official figures showed yesterday.
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The pound fell back against the dollar after a crucial US jobs report eased concerns about the state of the US economy.
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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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It was the second month in a row that the bank&#39;s Monetary Policy Committee has frozen the rate. The decision was widely expected following data that showed Britain&#39;s manufacturing sector slowing down and a cooling of the housing market.
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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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Business & money: British Retail Consortium urges Bank to consider reducing interest rates after weak high street sales.
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Sterling fell in European morning trade on Tuesday as yet more evidence emerged of a slowdown in the UK housing market, reducing the likelihood of further interest rate rises.
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Hopes that interest rates have peaked were fuelled today by news that the Bank of England this month began considering the case for a cut in the cost of borrowing.
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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.