The pound has fallen further since the Bank of England announced a rate cut today, while blue chips rallied in London. The British currency dropped to against the US dollar to US$1.314. The blue chip FTSE 100 index climbed by 97 points, or 1.5 percent at 6,731.36 points.
The pound also shed 1.1 percent against the
euro at 84.67 pence.
The dollar edged up to 101.31 yen from 101.28 yen while the euro fell to US$1.1119 from US$1.1148.
