By Joseph Adinolfi and Sara Sjolin, MarketWatch
NEW YORK (MarketWatch)--The pound fell to its lowest point
against the dollar since June 30 following the release of minutes
from the Bank of England's July meeting on Wednesday.
Sterling (GBPUSD) fell to a low of $1.7024, from $1.7060 late
Tuesday and from $1.7088 ahead of the BOE release. Against the
euro, the pound slipped to EUR1.2654 from EUR1.2670 Tuesday.
The BOE's Monetary Policy Committee said all nine members were
in favor of making no changes to its record-low interest rate and
keeping its quantitative-easing program at GBP375 billion ($640
billion).
"It's left markets a little disappointed, and the pound has
fallen on the news, but we don't believe it's so disappointing as
to force GBP/USD below 1.70," said Alex Edwards, head of the
corporate desk at UKForex, in a note. "It hasn't changed the views
of the hawks, who have a rate hike priced in for later this
year."
The dollar rose against the yen (USDJPY), buying Yen101.540, up
from Yen101.47 Tuesday.
The ICE U.S. dollar index (DXY), which measures the greenback's
performance against a basket of six other currencies, rose to
80.8130 Wednesday from 80.7810 Tuesday.
The euro (EURUSD) was flat at $1.3462.
More must-reads from MarketWatch:
5 things to know about the Saudi Arabia stock market
Why the markets don't care what happens in the world
S&P 500 vies for technical breakout
Subscribe to WSJ: http://online.wsj.com?mod=djnwires