Pound Falls Versus Dollar, Euro, After BOE Minutes, Jobless Data
By Lucy Meakin -
2012-06-20T08:39:05Z
The pound weakened against the dollar and euro after minutes of the Bank of England’s June meeting showed Governor Mervyn King and three other policy makers were overruled in a push to expand the bank’s bond- purchase program.
Sterling dropped 0.2 percent to $1.5694 at 9:36 a.m. London time. It also declined 0.2 percent to 80.84 pence per euro.
A seperate report showed U.K. jobless-benefit claims unexpectedly rose in May. Jobless-benefit claims climbed 8,100 from April while the median forecast of 20 economists in a Bloomberg News survey was for a drop of 4,000.
To contact the reporter on this story: Lucy Meakin in London at lmeakin1@bloomberg.net
To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net
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