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Pound Weakens as BOE Indicates Lull in Rate Increases: Chart
The central bank raised the rate Thursday for the first time in 10 years.
02 Nov 2017, 06:35 PM IST 
A man removes five and ten pound sterling banknotes from a wallet (Photographer: Chris Ratcliffe/Bloomberg)
(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.
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