Reuters: Sterling falls to 8-mth low vs euro on rate view Sterling hit an 8-month low against the euro and fell half a percent against the dollar on Friday as investors weighed the possibility of a rate cut in Britain against the chances of rate rises in the euro zone and United States. Weak data on mortgage lending and the current account deficit this week have kept speculation alive of a cut in British rates from the current 4.50 percent, though most traders see steady rates.