//
At 08:10 BST, the pound was 0.15 per cent lower against the dollar, taking it to $1.5312, Reuters reports.
This continues the drop seen yesterday, when the dip was caused by worries a strong performance from the Liberal Democrats at the upcoming general election will create a hung parliament.
Worries over the implementation of the rescue package put the euro under pressure, which in turn resulted in falls for other European currencies.
And many traders are now awaiting the release of consumer prices index statistics due later today, with currency strategist for nabCapital Gavin Friend telling the news source sterling "is in a bit of [a] holding pattern ahead of an important data release".
Polls conducted over the weekend suggested the Liberal Democrats were leading Labour and the Conservatives, but new data has indicated this support has eased slightly.
Posted by Greg Secker
