//
Forex traders seemed to stay away from sterling as it moved down $1.5975, although it was at an earlier low of $1.5910, Reuters reports.
This may be partly down to yesterday's weak unemployment and wage figures, which showed the number of people in the UK without a job had risen at its quickest rate in eight months in November.
Geraldine Concagh, economist at AIB Group Treasury in Dublin, said the figures had taken some of the gloss off the pound, despite it having a positive week.
She added: "Sterling is highly volatile in relation to interest rate speculation and we could see a good deal of volatility in the next few months as it reacts to various data."
Sterling moved down below the $1.60 level yesterday afternoon, although it was still 0.13 per cent up on the day at one point.
Posted by Greg Secker
