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Sterling and euro get hit by doves
Sterling and the Euro take a hit after dovish statements from both the Bank of England and the European Central Bank.
The ECB kept its rates at a record low of 0.5 percent and the BOE left UK rates unchanged, also at 0.5 percent.
But both central banks accompanied their decisions with guidance about the future direction of policy, making clear any interest rate rises were a long way off.
Draghi said "The Governing Council expects the key ECB rates to remain at present or lower levels for an extended period of time."
This caused the euro to fall to its lowest level against the dollar since late May - as did sterling, and bond yields dropped throughout the euro zone.
01:16 minutes
Tags: bank of england, boe, bond, carney, central banks, dollar, dove, draghi, ecb, euro, euro zone, european central bank, pound, rates, sterling, yields