Sterling has had a turbulent start to the day after a group of leading scientists advised the UK government to implement a two-week national lockdown in October.
September's Monetary Policy Committee showed rate setters have discussed negative interest rates and the Bank of England is looking at how they might be used.
The data showed a continued solid rebound in consumer spending, which began after shops were allowed to reopen in June.
Almost half of UK companies plan to either slow or halt hiring over the next 12 months, according to a survey by the CBI and Pertemps.
The UK economy is performing slightly better than expected but risks and uncertainty remain high, the Monetary Policy Committee said.
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Despite signs of a fragile economic recovery and inflation running well below target, the Bank of England is expected to leave policy unchanged on Thursday.
The Civil Aviation Authority has failed to enforce consumer rights for airline passengers for the past 17 years, according to Which?
The dollar also weakened ahead of a Federal Reserve meeting, with the US central bank expected to hint at further loosening in policy.