Pound Falls Against Dollar Before Bank Releases Minutes of June Meeting

(Bloomberg) -- The U.K. pound fell against the
dollar and the euro on speculation the minutes of the Bank of
England's last policy meeting will prompt investors to reduce
bets on more interest-rate increases.

The U.K. currency fell from a near two-week high versus the
dollar as more than a third of the economists in a Bloomberg News
survey expect the minutes today will show all policy makers
favored keeping rates on hold. Economic reports last week showed
inflation in Europe's second-largest economy was the slowest in
seven months in May.


Read more at Bloomberg Currencies News