U.K. Pound Reverses Drop Against Dollar After BOE Minutes
The pound reversed its decline against the dollar after the minutes of the Bank of England’s policy meeting this month showed Governor Mervyn King was defeated for a second month in a vote to expand stimulus.
Sterling gained 0.3 percent to $1.5139 at 9:41 a.m. London time, after earlier slipping by as much as 0.5 percent. It was little changed at 85.32 pence per euro, after earlier slipping by as much as 0.6 percent.
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