U.K. Pound Pares Drop Versus Euro After Bank of England Minutes
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The British pound pared its decline versus the euro and erased its drop versus the dollar as minutes from the Bank of England suggested fewer policy makers are considering calling for bond purchases.
Sterling was 0.3 percent weaker at 88.05 pence per euro as of 10:07 a.m. in London after sliding as much as 0.6 percent before the minutes were released. The pound was little changed at $1.6114 after falling as much as 0.3 percent.