After Bank of England officials made cautious statements regarding raising interest rates, the pound fell.

The pound fell as investors digested cautious comments by Bank of England policymakers about raising interest rates to address the rising energy prices caused by the Iran war. Megan Greene, a Bank of England official known for supporting tight monetary policy, said on Wednesday that she had no intention of raising rates at last week's meeting. Sarah Breeden of the Bank of England said on Thursday that it would be unwise to take action before obtaining more information on the second-round effects of the energy price shock. These comments contrast with the strong signal from European Central Bank President Christine Lagarde on Wednesday that a rate hike is possible. The pound fell 0.3% to $1.3330. The euro rose 0.1% to 0.8652 pounds.