London, England -- (SBWIRE) -- 09/27/2011 -- Spread betting provider City Index (http://www.cityindex.co.uk/) takes a look at the financial activity shaping the markets on 16th September 2011.
Sterling (GBP) is close to eight-month lows versus the US dollar (USD), it has been revealed.
A report from Reuters noted that GBP had slipped by 0.2 per cent to $1.5760 today (September 16th) after Thursday's lift following the announcement by central banks to free-up US dollar liquidity during three operations.
Comments made by Bank of England Monetary Policy Committee member Martin Weale were highlighted by the news resource as a reason why GBP shed some of its value.
Speaking to Reuters Inside TV, he stated that he believes "there is a significant risk of a double dip [recession]".
Mr Weale asserted that due to the UK's economic performance over the past couple of months, "anyone would have to say that [the threat is] greater than it seemed in July".
Furthermore, he would consider voting in favour of quantitative easing if by around November, inflation looked as though it would "undershoot the target".
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