LONDON (AFP) - Sterling remained weak after this morning's survey by the Royal Institute of Chartered Surveyors showed house prices slipped in August as higher interest rates take their toll.
Market participants are now awaiting tomorrow's release of the minutes from the Monetary Policy Committee's September meeting, which are expected to show that MPC members voted unanimously to leave rates unchanged.
HSBC analyst Margaret Browne said the minutes are likely to be "more dovish than hawkish", given recent comments from various MPC members suggesting they believe rates are near their peak.
Meanwhile, the Swiss Franc benefited from safe haven flows as oil prices rose sharply again on supply concerns.