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Pound Drops Before BOE Decision, Dollar Up 6th Day


Thursday, 7 February 2019 16:52 WIB

EuropoundPoundsterling


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The pound fell to its lowest level in more than two weeks before the Bank of England’s monetary policy decision, helping the Bloomberg Dollar Spot Index to extend a rally into a sixth day.

Sterling slips below $1.2900 on wednesday, the U.K. currency is under pressure in options markets as well, amid continuing uncertainty surrounding Brexit.

GBP/USD falls 0.3% to 1.2899, versus 1.2896 day low; short-term names see sell stops being triggered below 1.2920, a trader in Europe says.

The euro feels the heat from cable weakness and slips 0.2% to 1.1344, a two-week low.

Source : Bloomberg


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