NEW YORK/GDANSK >> The yen touched an eight-week high versus the dollar today after a Bank of Japan policy board member advocated continued interest rate hikes, while sterling slid as the Bank of England cut rates. The pound fell 0.8% to $1.24065 after the Bank of England cut interest rates as expected, but forecast higher inflation and weaker growth, with two officials calling for an even larger rate cut. Sterling had touched a one-month high at $1.2437 on Wednesday. Money markets now price in around 67 basis points of further BoE easing by the end of the year.
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