Bloomberg News

Pound Stays Weaker Against Euro as BOE Leaves Policy Unchanged

January 12, 2012

Jan. 12 (Bloomberg) -- The pound stayed lower against the euro after the Bank of England kept its benchmark interest rate unchanged at 0.5 percent and maintained its bond-purchase target at 275 billion pounds ($422 billion).

Sterling weakened 0.2 percent to 83.09 pence per euro at 12:04 p.m. London time. It strengthened less than 0.2 percent to $1.5353.

U.K. government bonds were little changed, with the 10-year yield at 2.02 percent from 2.01 percent yesterday.

To contact the reporter on this story: Paul Dobson in London at pdobson2@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net


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