LONDON (MarketWatch) -- The pound GBPUSD, -0.37% fell back to levels not seen since mid-September this year on Friday, continuing its decline after Bank of England Deputy Governor Ben Broadbent dampened expectations for an immediate rate hike. The Governor said in an interview with ITV, broadcast on Thursday, that the U.K. is "not ready yet" for an increase in interest rates, but urged businesses and households to prepare for when it does happen. Sterling exchanged hands at $1.6100 in early London trade, down 0.3% from Thursday, according to FactSet.
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