Economics
Pound Drops as Carney Stands by BOE’s Decision to Add Stimulus
- Sterling stays lower as Forbes says more easing possible
- Manufacturing production slides more than analysts forecast
Morning Meeting: Bears Seek Shelter From Pound
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The pound fell the most in more than two weeks as Bank of England policy makers signaled further monetary easing is possible amid economic uncertainty after the U.K. voted to leave to the European Union.
Sterling halted a five-day advance versus the dollar after reports showing declines in U.K. house prices and manufacturing output highlighted lingering risks in the aftermath of the Brexit decision.