The British pound fell against the US dollar for a fourth day in a row by 0.3% to a two-week low, following comments by Bank of England Governor Mark Carney yesterday that the central bank may not rush to raise rates at next month's meeting due to mixed economic figures.
With market pricing over the last period of the British interest rate decision, the pound rose strongly to its highest level since the EU membership vote in June 2016.
Carney sees the interest rate hike as uncertain and there are still other meetings this year, following growth and wage data as well as below-forecast inflation data this week. Sterling was heavily inclined to record strong performance in April each year, as seasonal capital inflows into Britain from foreign companies paying dividends to British shareholders.
At the moment, markets are pricing in a quarter-point increase in interest rates in May by 45% from 70% previously.
On the other hand, the euro fell below 1.23 levels during today's session, the biggest weekly drop in the last two months, amid investors' expectations that there will be no change in the ECB policy when it meets next week.
