United Kingdom

British Pound at Three-Month Low Against the Dollar

Suggests the Bank of England will keep interest rates low and continue policy of quantitative easing

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The pound has fallen to a three month low against the dollar, and analysts suggest it could weaken further.

The pound was trading below $1.50 against the US dollar at around $1.499.

The currency dropped sharply after markets were warned by the Bank of England not to assume the bank would start raising rates soon.