The pound weakened against the dollar and euro after minutes of the Bank of England’s June meeting showed Governor Mervyn King and three other policy makers were overruled in a push to expand the bank’s bond-purchase program.
Sterling dropped 0.2 percent to $1.5694 at 9:36 a.m. London time. It also declined 0.2 percent to 80.84 pence per euro.
A seperate report showed U.K. jobless-benefit claims unexpectedly rose in May. Jobless-benefit claims climbed 8,100 from April while the median forecast of 20 economists in a Bloomberg News survey was for a drop of 4,000.