Lew Says Pound Crash Needs Analysis Before Exact Cause Is Known

  • FX rates generally have been stable, he tells reporters
  • Says best thing for U.K. is high level of integration with EU

Jacob Lew, U.S. Treasury secretary, speaks during a panel discussion at the IMF and World Bank Group Annual Meetings in Washington, D.C., on Oct. 7.

Photographer: Andrew Harrer/Bloomberg

U.S. Treasury Secretary Jacob J. Lew said it’s too soon to comment on the U.K. pound’s decline, adding that global currencies have remained generally stable.

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