Bloomberg News

Pound Declines After Bank of England Considers Stimulus Options

February 20, 2013

The pound declined to the lowest leve in more than 15 months against the euro after minutes of the Bank of England’s most recent meeting showed officials considered options including an interest-rate cut to bolster the economy.

Britain’s currency weakened 0.6 percent to 87.35 pence per euro at 9:34 a.m. London time, the lowest level since October 2011. It fell 0.4 percent to $1.5370.

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

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


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