Pound Rises Versus Euro After Bank of England Pauses Bond Buying
The pound strengthened versus the euro and pared a drop against the dollar after the Bank of England said it paused its asset-purchase program.
Sterling fell 0.1 percent to $1.5965 as of 12:01 p.m. London time. It earlier dropped as much as 0.3 percent. It advanced 0.2 percent to 79.73 pence per euro.
To contact the reporter on this story: Lucy Meakin in London at email@example.com
To contact the editor responsible for this story: Paul Dobson at firstname.lastname@example.org
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.