Sterling falls as Bank of England signals more stimulus is possible

The pound fell the most in more than two weeks as Bank of England policymakers signalled further monetary easing is possible amid economic uncertainty after the UK voted to leave the EU.

Sterling halted a five-day advance against the dollar after reports showing declines in UK house prices and manufacturing output highlighted lingering risks in the aftermath of the Brexit decision.

Members of the Monetary Policy Committee, including governor Mark Carney, testified before UK politicians following the Bank of England’s decision to boost stimulus in August.