Bloomberg News

U.K. Pound Rises Versus Euro, Dollar as BOE Boosts Bond Program

February 09, 2012

Feb. 9 (Bloomberg) -- The pound strengthened against the euro and the dollar after the Bank of England said it would raise its bond-buying program by 50 billion pounds ($79 billion) to 325 billion pounds.

The U.K. currency appreciated 0.3 percent to 83.59 pence per euro at 12:05 p.m. London time. It climbed 0.2 percent to $1.5854.

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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