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Sterling was up by around 0.2 per cent against the dollar - at $1.5480 - following a US jobs information announcement on Friday which lessened worries about a global slowdown, Reuters reports.
But it decreased against the euro to 83.56 pence - the lowest rate since August 9th, which fell in line with an array of surveys earlier this month that led to increased concerns about the weakness of Britain's recovery.
On a more positive note, Paul Robson, currency strategist at RBS, said he expects the euro/dollar to push higher which could ensure the sterling/dollar does the same.
He added: "But sterling is feeling the heat from weaker UK data last week and that keeps a UK slowdown in focus. It's been lagging the euro."
Posted by Greg Secker
