British Pound futures dropped to a one-week low.

British Pound futures traded to a one-week low after coming off 2 1/2-month highs, as the Bank of England held rates steady, reduced quantitative tightening and indicated further cuts. The pound was one of the weaker performers as most major FX markets were lower on the session, with the U.S. dollar gaining strength following better-than-expected labor and manufacturing data.