Pound Falls Against Euro After Bank of England Lowers Outlook
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The pound extended its decline against the euro and pared an advance against the dollar after the Bank of England said the U.K. economy may shrink in the current quarter as it cut its outlook.
The U.K. currency weakened 0.3 percent to 80.25 pence at 10:35 a.m. London time and was little changed at $1.5880. It strengthened as much as 0.2 percent to $1.5901 earlier.