Sterling hits fresh 2021 lows vs dollar, 9-day low versus euro

Pound banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration

LONDON, Nov 25 (Reuters) – Sterling fell on Thursday to a fresh 2021 low against the dollar and to a nine-day low versus the euroas worries over economic growth outweighed expectations for a Bank of England rate hike.

The pound shed 0.1% versus the dollar to $1.3320 at 1644 GMT, and was set for a fifth consecutive daily decline after hitting its lowest level of $1.3307 versus the greenback since December 2020.

Analysts said recent moves have been largely a reflection of the dollar’s appreciation amid expectations that the Federal Reserve will raise interest rates. read more

But the fact that sterling also fell to a nine-day low against the euro, which has been hit by new COVID-19 restrictions across much of Europe,…