Sterling slips from one month high against euro
Sterling slipped from a one month high against the euro and dropped against the US dollar yesterday as investors braced themselves for further losses ahead of today's Bank of England quarterly inflation report.
STERLING dropped to a fresh one month low yesterday against the euro, dipping below €1.1190/£1 as the euro zone shrugged off concerns over Greek debt and the IMF raised the prospect of further quantitative easing in the UK.