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Sterling hit a six-and-a-half month low against the single currency, which may have been down to the possibility that the Bank of England (BoE) may implement another stage of monetary easing, Reuters reports.
Chief economist at the organisation Spencer Dale said the pound has come under pressure following the release of minutes from the BoE that showed a three-way policy split.
He added that this has led to the market's view increasing about the likelihood of more quantitative easing (QE).
What's more, Mr Dale was quoted as saying that policymakers need to change their views as circumstances alter.
This news comes after the pound fell against the euro yesterday - around 30 pips at 88.10 pence - due to the minutes revealing that a vote had been received for further QE to be introduced, the news provider reported.
Posted by Greg Secker
