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At 08:47 GMT, the currency was 0.4 per cent lower when compared to its US counterpart, due partially to concerns over the UK's fiscal health.
It slipped to $1.6589 and Jeremy Stretch of Rabobank was quoted as describing the state of the country's debt as "horrendous".
"This will not provide any comfort for sterling," he added, noting that the currency "may well struggle and could close the week close to the bottom of its recent trading ranges".
The price also slid due to a fall in demand for riskier currencies from investors and the decline is the second to occur this week.
On Wednesday, the release of minutes from the Monetary Policy Committee's latest meeting showing that there was a disagreement over the extent to which the quantitative easing programme should be increased, prompted sterling to drop.
Posted by Greg Secker
