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It fell to $1.6152 following a 0.9 per cent decline last week after Britons exhibited a lack of confidence in the country's economy.
The weekly decline of almost one per cent against the dollar represented the greatest drop in the value of the UK's currency since June this year.
Sterling was not the only one to suffer this weekend, as the Korean won also fell, slumping 0.6 per cent to 1,068.84 to the dollar.
The struggling pound adds to the UK's woes as the nation's FTSE 100 index experienced its poorest month in August since the collapse of Lehman Brothers in the fall of 2008.
Figures from the PMI construction survey released last month also painted a gloomy picture for the nation, indicating the lowest reading since the start of the year.
Posted by Greg Secker
