LONDON, Oct 9 Reuters The British pound nudged down to a onemonth low on the dollar on Wednesday, as markets gradually reassess the different interest rate paths of the Federal Reserve and Bank of England.

Sterling touched 1.3570, its lowest since Sept. 12 and was last at 1.3094, down a whisker on the day. It was marginally stronger on the euro at 83.77 pence, well within its recent ranges. ,

But the nearterm future for the pound against the dollar and euro is more dependent on what39;s happening in the United States and the euro zone than on domestic events.

There are no important UK economic data nor Bank of England officials scheduled to speak today. As a result, GBPUSD can be driven by the USD trend and changes in risk sentiment, said Kristina Clifton, an economist at Commonwealth Bank of Australia.

The dollar was at a onemonth high against a basket of its peers.

Sterling has been under pressure on the dollar since Bank of England governor Andrew Bailey said last week the central bank could become 39;more aggressive39; on rate cuts if inflation pressures continue to weaken.

That contrasts with the Federal Reserve, where markets have been reassessing the substantial further rate cuts they had seen by year end following last week39;s much stronger than expected jobs data.

Markets are now pricing an albeit small chance the Fed won39;t cut rates at all at its November meeting, a contrast to before the jobs data when a 25 basis point move was fully priced in and…