According to Jin10, the British pound fell to a 12-week low against the U.S. dollar as the Bank of England took a cautious stance on rate hikes, diverging from the Federal Reserve's tightening policy. The pound was down as much as 0.6% to $1.3260, while the latest U.K. purchasing managers' survey data came in weaker than expected. Market bets also point to further Fed rate hikes after the central bank raised rates by 25 basis points last week and signaled at least one more increase this year, while the Bank of England kept rates unchanged and gave no strong signal on the outlook for future hikes.