The pound dollar exchange rate is 0.15 pct in the red at 1.5687. The pound to Australian dollar currency pairing is 0.23 pct down at 1.4919.

"Very weak UK GDP figures may add extra impetus for the MPC to ease policy further. After expanding the asset purchase program at the last meeting and following the ECB deposit rate cut, this may come in the form of a rate cut.

27 Jul 2012 at 12 PM - Written by Minesh Chaudhari. STORY LINK Rand to Pound Exchange Rate Outlook - Pound Sterling Steady Decline Against South African Rand.

The pound dollar exchange rate is virtually unchanged on a day-to-day basis at 1.5677. The pound euro exchange rate is 0.27 pct higher at 1.2807.

Other pairs also recovering are the GBP-AUD which is now nearly at break-even at 15034 and GBP-USD is now ahead by 0.07 pct at 1.5508.

The Bank of England has two options available - one being an interest rate cut that will take the rate below 0.5 pct. There has been an increasing level of discussion over this option from analysts and media pundits; could the Bank surprise us with a ...

British Pound Sterling Down Against US Dollar and Euro Exchange Rates, EUR Gains After ECB Comments. 26 Jul 2012 at 9 AM - Written by Toni Johnson.

Exchange Rates Today: UK Economy Suffers Terrible GDP figures, GBP is Set to Fall Against the USD. 25 Jul 2012 at 1 PM - Written by Ben Hughes.

Consequently, the approach adopted by Barclays does contain the warning that there is no clear steer for how GBP will respond to the London Games.

The pound dollar exchange rate is 0.05 pct lower at 1.5489. "A break under 1.5394 would be an important bearish development - opens the way to 1.5270.