Dollar dips to 1-month low vs sterling Thu Jan 14, 2010 7:25pm EST

By IBTimes Staff Reporter | January 14 2010 7:52 PM

TOKYO, Jan 15 (Reuters) - The dollar fell to a one-month low against sterling on Friday on the view that U.S. interest rates will remain low for a while.

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Sterling continued to draw support from speculation that the Bank of England may pause its asset-buying programme as the economy shows signs of a gradual recovery.

Sterling GBP=D4 rose as high as $1.6350, its highest level since Dec. 16, before trading at $1.6333, up slightly on the day. (Reporting by Satomi Noguchi)

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