LONDON, Sept 27 (Reuters) - Sterling fell to a one-week low versus the dollar and slid from recent peaks against the euro on Wednesday, after Bank of England policymaker David Blanchflower sounded a cautious note on the economy.
Sterling's losses were accentuated by downward revisions to second quarter economic growth and the GDP deflator.
Blanchflower said inflationary expectations had levelled off, the labour market looked set to weaken further and the economy may have more capacity than data have indicated.
BoE's Deputy Governor Sir John Gieve also sounded less hawkish than earlier in the week, warning on Tuesday that a November rate hike could not be taken for granted as any move would depend on how the economy developed.
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