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Sterling fell 0.9 per cent against the dollar at $1.5855, despite experiencing an eight-and-a-half month high of $1.6108 on Friday, Reuters reports.
The news provider noted that there have been doubts about how aggressive the US Federal Reserve will be in terms of its quantitative easing decision.
There was some positive news for the pound in that it remained steady against the euro after the single currency edged down by 0.1 per cent versus sterling earlier this morning.
But analysts have noted that it is still vulnerable before the UK government announces on Wednesday how it is set to achieve further cuts in public spending.
This news comes after the euro was down against the pound on Friday morning after it decreased by 0.1 per cent at 87.81 pence following an earlier low of 87.63.
Posted by Greg Secker
