Pound Fluctuates With Traders Bracing for Rates Decision by BOE

  • Final reading for services PMI confirms contraction in July
  • TD sees “comprehensive package of easing measures” from BOE

BOE Will Emphasize U.K. Slowdown, Says CIBC's Stretch

The pound fluctuated before the Bank of England announces its interest-rates decision on Thursday as traders are wedged in between weaker economic data and extreme positions some have taken that make the currency especially vulnerable to a surprise outcome.

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