Pound Falls Against Dollar Before Fed Speakers Take Center Stage
- U.S. officials seen firming up prospects of December liftoff
- Sterling touches August high versus euro after Draghi speaks
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The pound fell for the first time in four days against the dollar amid speculation Federal Reserve officials speaking Thursday will set the stage for a U.S. interest-rate increase in December.
Sterling weakened versus most of its 16 major peers. Fed members including James Bullard, Stanley Fischer and Charles Evans are due to speak at various events through Thursday. In the U.K., Bank of England Chief Economist Andrew Haldane will give a speech this afternoon in London.