LONDON, Sept 5 - A deteriorating global growth picture sent the pound to a 12-week low against the dollar on Tuesday after a survey showed business activity in Britain contracted last month.
"The more dovish signals from today's survey are consistent with the ... view that we are now close to the end of the current monetary tightening cycle." "Even though rate pricing has come back from the peak, there's still the risk that the Bank of England delivers less hiking than the market is priced for," said Adam Cole, chief currency strategist at RBC Capital Markets.
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