Photographer: Chris Ratcliffe/Bloomberg

Pound Falls for Third Month as Traders Anticipate BOE Rate Cut

Updated on
  • Brexit, recent subpar U.K. data keep sterling under pressure
  • TD Bank forecasts pound dropping to $1.20 by end of year

The pound is heading for its third monthly decline as investors anticipate the Bank of England will cut interest rates and add stimulus to stem a potential fallout from Brexit.

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