AlQa'dah 10, 1436, August 25, 2015, SPA -- Sterling recovered from a one-month low against a basket of currencies on Tuesday, helped by robust gains against the euro, but it underperformed the dollar as investors pushed back on the timing of a probable rate hike by the Bank of England. Money markets have pushed out the timing of when the BOE will raise rates to around the third quarter of next year compared with early 2016 when the central bank published its quarterly inflation report just three weeks ago. UK's Chancellor George Osborne warned on Monday that Britain's economy was exposed to a global downturn. Sterling was 0.8 percent higher against the euro at 73.01 pence per euro, having fallen to a three-month low of 74.21 pence on Monday when it lost more than 2 percent, its biggest fall since 2009. Against the dollar, sterling was flat at $1.5882 while against a trade-weighted basket it was up 0.3 percent at 93.0
