Pound Slides Sixth Day Versus Euro Before Bank of England Meets
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The pound weakened for a sixth day against the euro amid bets the Bank of England, which meets this week, is more likely to say it favors additional stimulus than either the European Central Bank or Federal Reserve.
The U.K. currency fell the most in three weeks versus the dollar before Britain’s policy makers release their quarterly Inflation Report next week, which will include findings on interest-rate guidance. The ECB and Fed also meet this week. Sterling is headed for a fourth monthly loss versus the euro. U.K. government bonds were little changed.