LONDON: Sterling fell to its lowest in nearly four months against the dollar on Friday, extending the previous day's falls after the Bank of England guided lower expectations of future interest rate hikes.
Traders were also anticipating that the pound could fall further later in the day if key US jobs data comes in strong and fans expectations that the Federal Reserve will scale back stimulus. This would boost the dollar broadly.
Sterling fell half a per cent on the day and broke below a reported options barrier at $1.5000 to hit $1.4996, its lowest since mid-March.
More losses could see the pound target the March 12 low of $1.4832.
