Pound Falls Toward 5-Week Low Versus Dollar Before BOE Decision
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The pound declined toward a five-week low against the dollar as the Bank of England’s Monetary Policy Committee prepared to announce its latest decision three days after Mark Carney joined as Governor.
The U.K. currency weakened against all its 16 major counterparts. The nine-member MPC will keep its quantitative-easing stimulus target and the benchmark interest rate unchanged, according to separate Bloomberg News surveys of economists. The central bank may release a statement, something it doesn’t typically do when there has been no change in policy. U.K. government bonds declined for a second day.