Bloomberg News

Pound Weakens Against Euro, Dollar as BOE Reviews Rate-Cut Case

July 18, 2012

The pound weakened against the euro and the dollar after Bank of England policy makers said they may reconsider the case for an interest-rate cut after assessing the impact of new measures on the economy.

The pound dropped 0.3 percent to $1.5615 at 9:35 a.m. London time and weakened 0.2 percent to 78.67 pence per euro.

To contact the reporter on this story: Emma Charlton in London at echarlton1@bloomberg.net

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


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