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Pound Weakened After Large BoE Loan21st August 2007 Although it is not known whether the Bank of England loaned £314 million to one borrower or many yesterday, the effects were still the same. A one-day loan of such magnitude weakened the domestic currency, if only temporarily. As experts point out, this isnt entirely unusual and the economy has su...  This article is courtesy of Forex Blog British Pound / US Dollar Technical Levels | Euro 1.3371 Key For Bulls | Weekly Outlook: Dollar & Yen Weakness to Continue, BoE to Spark Volatility 
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