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This Article is From Nov 02, 2017

Pound Weakens as BOE Indicates Lull in Rate Increases: Chart

The central bank raised the rate Thursday for the first time in 10 years.

(Bloomberg) -- Sterling fell after the Bank of England signaled further interest-rate increases aren't imminent. The central bank raised the rate Thursday for the first time in 10 years.

To contact the reporter on this story: Sheldon Reback in London at sreback@bloomberg.net.

To contact the editor responsible for this story: Sophie Caronello at scaronello@bloomberg.net.

©2017 Bloomberg L.P.

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