Pound steady after earlier losses
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The pound stabilised after earlier losses following China&#39;s tax hike and the release of a survey showing inflation expectations remaining steady despite the rise in CPI inflation.
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The pound was firmer as inflation data showed the key annual CPI rate staying stubbornly at 2.1 percent in December -- above the Bank of England's 2.0 percent target -- for the third month in a row.
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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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The pound was steady despite further evidence emerging of a sharp slowdown in the British housing market.
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The pound remained firm, having built up gains over the day ahead of tomorrow&#39;s release of minutes from the Bank of England&#39;s Monetary Policy Committee&#39;s last rate setting meeting.
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The pound eased off earlier highs against the dollar but remained steady against the euro.
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The pound remained near 26-year highs against the dollar amid expectations of  further monetary tightening in the UK at the same time as housing concerns continue to dog thinking about the US economic outlook.
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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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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 was firmer after the latest producer price figures out of the UK showed prices continued to rise.
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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 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 pound eased a touch Tuesday after a larger-than-expected drop in UK inflation rates, with attention turning to overall growth prospects which may well benefit from a cut in interest rates.
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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 Bank of England left the cost of borrowing unchanged at 4.75 per cent on Thursday after data had shown a slowdown in the housing market, slowing consumer
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The pound and the euro showed little reaction as both the Bank of England and the European Central Bank elected to leave interest rates unchanged this month, as expected.
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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.