BBC News
2008/03/19 14:44:19 GMT
The pound fell against the euro and the dollar after expectations were raised of an imminent cut in interest rates.
The minutes from the latest meeting of the Bank of England's interest rate setting committee showed two members voting for an immediate cut.
Lower interest rates mean that the pound becomes a less attractive investment, causing investors to switch to other currencies.
The pound fell to $1.9987, down from $2.0253 the day before.
Against the euro, the pound fell to 1.2698 euros after the Bank of England minutes were released, down from 1.2818 on Tuesday ... Read the Entire Article
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment