Sterling touched a three-month low versus the dollar before cutting losses on Wednesday as minutes from the Bank of England policy meeting showed a three-way split again and as UK growth data was revised lower. The Bank of England's Monetary Policy Committee retained its three-way split for the third straight meeting but a growing number of policymakers are worried about rising medium-term inflation risks.
Britain's economy grew 0.7 percent in the third quarter, down slightly from a previous reading of 0.8 percent. Separate data showed the UK current account deficit widened to 9.568 billion pounds in the third quarter. The pound initially fell to $1.5426, its lowest since mid-September, before bouncing back to around $1.5440 seen before the data and minutes.