Pound weakens on expectations for more BOE stimulus

The British pound fell against the U.S. dollar Friday, still reeling from Bank of England chief Mark Carney’s Brexit-inspired warning that the central bank could enact further monetary easing as soon as August.

A pound GBPUSD, +0.0527%  bought $1.3258 late Friday in New York. That’s compared with $1.3311 late Thursday in New York. It notched a weekly drop of 3.1%, its fifth straight weekly decline.

Last week’s vote for the U.K. to leave the European Union sparked an unprecedented drop in the pound, which hit a 31-year low, leading to its worst quarterly performance since the financial crisis.

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