THE DAILY TELEGRAPH: Sterling fell below $1.49 on Monday morning, as a strong dollar and fears over easing continue to hammer the British currency.
The pound dropped to its lowest in 32 months against a fortified dollar on Monday to $1.4871.
Kathleen Brooks, research director at currency trader Forex.com, said that while the dollar's "new found strength" was a key factor, the continued slide of the pound also betrayed traders' nerves that the Bank of England may be on the brink of ramping up its asset purchase programme.
"While the Bank of England did not increase quantitative easing on Thursday, we think it's waiting in the wings," she said, adding that traders are expecting the minutes of the Bank's Monetary Policy Committee, which will be published on March 20, to show the decision "came down to the wire, maybe by just one vote."
Much better-than-expected US jobs data released on Friday, showing unemployment hit a four-year low, reinforced an already-rising dollar amid a wave of positive data from the world's biggest economy last week. » | Denise Roland | Monday, March 11, 2013
