StockMarketWire.com - The pound continues to fall in value against both the dollar and the euro.
This is due to both to worries about the UK economy and as a result of comments from the Bank of England that the pound may need to fall further in order to secure a recovery.
As a result speculators are betting that sterling will fall.
Against the dollar the pound dropped 0.5% to $1.543. The euro was up 0.3% against sterling making it worth 86.3p.
