Pound Traders Turn to BOE After Fed Rate-Increase Outlook Dims
- U.K. 10-year bond yield falls to lowest level since April
- BOE officials announce monetary policy decision on Oct. 8
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After a week that saw currency traders push back their expectations for a Federal Reserve interest-rate increase, investors will turn their attention to the Bank of England’s decision on Oct. 8.
BOE policy makers led by Governor Mark Carney meet in London after sterling touched the lowest level in almost five months against the euro Friday as a report showed U.S. employers added fewer jobs in September than analysts forecast. U.K. government bonds climbed for the first time in four weeks, pushing the 10-year gilt yield to the least since April.