Sterling Skids After Bank Of England Comments

(Reuters) Britain’s pound slid to a five-day low after comments by Bank of England policymakers were interpreted by markets as dovish despite newly published inflation data in line with expectations.The pound fell half a percent on the day to as low as $1.3177 before inching back to 1.3181 by 1331 GMT. Members of the Bank of England’s interest rate-setting committee were speaking to parliament’s Treasury Committee.

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