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Sterling falls to two-week low vs dollar

Reuters - UK Focus

LONDON, May 9 (Reuters) - Sterling fell to a two-week low against the dollar on Monday, hurt in part by an opinion poll that showed the race between those who want to stay in the European Union and those who want to leave is still on a knife edged.

A YouGov (LSE: YOU.L - news) opinion poll for ITV (LSE: ITV.L - news) television showed the "In" campaign leading by 42 percent to 40 percent for the "Out" camp.

Traders also pointed to a Sunday Times report that said Bank of England chief Mark Carney was preparing to cut interest rates, in the event that Britain chooses to leave in the vote on June 23.

The BOE's monetary policy committee meets this Thursday and the Bank, which has warned about the economic risks of a Brexit, will release updated growth and inflation forecasts in a quarterly report.

Sterling fell to $1.4375, down 0.4 percent on the day, and well below a four-month high of $1.4770 struck last Tuesday. The euro was up 0.1 percent at 79.165 pence (Reporting by Anirban Nag; editing by Patrick Graham)