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Prospect of looser BoE policy heralds weaker pound
20/02/2013 09:21:44 PM GMT 

* Minutes push sterling to 17-month trade-weighted low

* UK inflation, credit rating worries to spark more losses

* Pound vulnerable to slide towards 2010 low around $1.42

By Jessica Mortimer

LONDON, Feb 20 (Reuters) - Sterling fell sharply on Wednesday and was expected to suffer further losses after the Bank of England appeared closer than expected to loosening monetary policy and in no hurry to curb inflation.

The pound's broad-based losses drove it to a 17-month low against a trade-weighted basket of currencies after minutes from the BoE's latest policy meeting showed outgoing Governor Mervyn King and two other officials voted to relaunch asset purchases under its quantitative easing (QE) programme.

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Source: Reuters
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