Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Pound Weakens Versus Euro After BOE Minutes, U.K. Deficit Report

The pound weakened against the euro and erased its gain against the dollar after the minutes of the Bank of England’s March 7-8 meeting showed two policy makers voted to add more stimulus to the economy.

Britain’s currency depreciated 0.4 percent to 83.67 pence per euro at 9:35 a.m. London time. It was little changed at $1.5854, after advancing as much as 0.4 percent to $1.5923.

Policy makers Adam Posen and David Miles wanted to increase the target for bond purchases by 25 billion pounds to 350 billion pounds, the minutes showed. The seven remaining members voted to keep the current 325 billion-pound target. The Monetary Policy Committee also voted 9-0 to hold the benchmark interest rate at 0.5 percent.

Britain’s budget deficit almost doubled in February as taxes fell and spending surged, a separate report showed.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.