BLBG: Pound Falls Against Dollar, Euro After BOE Extends Debt Program
By Daniel Tilles
Aug. 6 (Bloomberg) -- The pound dropped against the dollar and the euro after the Bank of England expanded its asset- purchase plan by 50 billion pounds ($84 billion).
The British currency fell 0.7 percent to $1.6871 as of 12:02 p.m. in London. The pound slid 0.6 percent to 85.33 pence per euro.
The Bank of England raised its quantitative easing program to 175 billion pounds, it said today.
To contact the reporter on this story: Daniel Tilles in London at dtilles@bloomberg.net
