A bus carries passengers past the Bank of England in London on Thursday July 14, 2016. (AP Photo/Adela Suliman)
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Bank of England policymaker Martin Weale said Monday he was unsure whether he would back an interest rate cut at next month's BoE meeting, in contrast to most of his colleagues who think stimulus is likely after Britain voted to leave the EU. Weale – who will step down after the August meeting – did not see panic among consumers or businesses after the June 23 Brexit vote and said the central bank should not be afraid of disappointing markets.Sterling gained against the dollar after Weale's comments, as it did Thursday after the BoE held interest rates at 0.5 percent, contrary to widespread expectations of a first cut in more than seven years.
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