Pound Rises to 1-Week High Vs Euro on Greece, BOE Minutes
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The pound rose to the strongest in a week against the euro after European finance ministers failed to agree on a debt-reduction package for Greece and as Bank of England policy makers signaled they won’t cut interest rates.
Sterling held a four-day gain versus the dollar after minutes of the central bank’s November meeting showed officials voted 8-1 to stop expanding the so-called quantitative-easing program this month. The majority of policy makers said uncertainty among consumers and companies may be affecting the impact of the stimulus program on the economy. U.K. government bonds were little changed.