Pound Stays Lower Versus Euro, Dollar After BOE Inflation Report

The pound stayed lower against the euro and the dollar after the Bank of England said inflation will remain above its 2 percent target for the next two years and risks to the economic recovery are weighted to the downside.

The pound dropped 0.5 percent to 86.29 pence per euro as of 10:36 a.m. London time. It slipped 0.3 percent to $1.5622.

To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net

To contact the editor responsible for this story: Paul Dobson at pdobson2@bloomberg.net

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