Bloomberg News

Pound Rises Versus Euro After Bank of England Pauses Bond Buying

November 08, 2012

The pound strengthened versus the euro and pared a drop against the dollar after the Bank of England said it paused its asset-purchase program.

Sterling fell 0.1 percent to $1.5965 as of 12:01 p.m. London time. It earlier dropped as much as 0.3 percent. It advanced 0.2 percent to 79.73 pence per euro.

To contact the reporter on this story: Lucy Meakin in London at lmeakin1@bloomberg.net

To contact the editor responsible for this story: Paul Dobson at pdobson2@bloomberg.net


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