Pound Erases Drop Versus Euro on Unemployment Rate, BOE Minutes

The pound erased a decline against the euro after reports showed the U.K. unemployment rate fell in June and Bank of England policy makers voted 9-0 to keep the asset-purchase facility and benchmark interest rate unchanged this month.

Sterling was little changed at 78.58 pence per euro at 9:33 a.m. London time after weakening as much as 0.3 percent. It rose 0.1 percent to $1.5694.

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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