The U.K. pound may decline against the dollar for the fourth consecutive day on speculation an increase in September jobless rates will make it more likely the Bank of England will cut interest rates. A report today will show joblessness in the U.K. rose for an eighth month in September, according to the median forecast of 32 economists surveyed by Bloomberg. The pound has dropped for the past four weeks against the euro on speculation slower growth would spur lower rates. ``If the data continues to be worse than expected, the pound will keep on being under pressure,'' said Neil Jones, a director of foreign exchange sales at BNP Paribas SA in London. ``With expectations of a rate cut soon, there is a negative bias toward the pound.'' Against the dollar, the pound was at $1.7434 as of 6:55 a.m. in London from $1.7464 late yesterday. Versus the euro, it was at 68.70 pence from 68.76. The Bank of England cut interest rates for the first time in more than two years in August to 4.5 percent. It has left borrowing costs unchanged at its last two meetings. Lower borrowing costs may reduce the British currency's yield advantage against its major counterparts. Even after August's rate cut, U.K. interest rates are the highest in the Group of Seven industrialized nations. U.S. Federal Reserve policy makers raised their target rate for the 11th time in a row, to 3.75 percent, on Sept. 20. The European Central Bank has kept rates at a six-decade low of 2 percent