Quotes from Western Union:
- Sterling held steady at three-week lows against its U.S. counterpart. The pound has been pressured by euro-dollar weakness and rising uncertainty over the road ahead for U.K. politics.
- Despite the fresh headwinds, the pound's decline has been slowed somewhat by Britain's still solid economic fundamentals that have the Bank of England (BOE) on a path to boost interest rates over coming quarters - perhaps around early 2016.
- As expected, the BOE today left its key rate and policies unchanged. This week's meeting minutes come due on March 18, the same day the Fed announces its next policy decision.
