(Bloomberg) -- The U.K. pound dropped against the
dollar for a third day, heading for a weekly decline, after the
Bank of England kept interest rates unchanged at its monthly
meeting yesterday.
The pound fell as a global sell-off in bonds helped the
dollar appreciate against 14 of the 16 most-traded currencies. It
slumped the most in three months versus its U.S. counterpart
yesterday after the Monetary Policy Committee, led by Governor
Mervyn King, kept the Bank Rate at 5.5 percent, as predicted by 58
of 62 economists in a Bloomberg News survey.
Read more at Bloomberg Currencies News
dollar for a third day, heading for a weekly decline, after the
Bank of England kept interest rates unchanged at its monthly
meeting yesterday.
The pound fell as a global sell-off in bonds helped the
dollar appreciate against 14 of the 16 most-traded currencies. It
slumped the most in three months versus its U.S. counterpart
yesterday after the Monetary Policy Committee, led by Governor
Mervyn King, kept the Bank Rate at 5.5 percent, as predicted by 58
of 62 economists in a Bloomberg News survey.
Read more at Bloomberg Currencies News
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