U.K. Pound Rises Versus Euro, Dollar as Central Bank Boosts Bond Program

The pound strengthened against the euro and the dollar after the Bank of England said it would raise its bond-buying program by 50 billion pounds ($79 billion) to 325 billion pounds.

The U.K. currency appreciated 0.3 percent to 83.59 pence per euro at 12:05 p.m. London time. It climbed 0.2 percent to $1.5854.

To contact the reporter on this story: Paul Dobson in London at pdobson2@bloomberg.net

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

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