Pound Falls Second Day Versus Dollar Before BOE Rate Decision

The pound weakened for a second day against the dollar before the Bank of England announces whether it will boost monetary stimulus for the first time since July.

Sterling declined to a two-week low versus the U.S. currency as a Bloomberg News survey showed 35 out of 45 economists forecast the central bank will maintain its asset-purchase target at 375 billion pounds ($600 billion). Policy makers increased bond purchases, or so-called quantitative easing, by 50 billion pounds in July to boost the economy. U.K. government bonds advanced.