The pound declined against all 16 of its major counterparts before the Bank of England announces interest rates. Sterling fell versus the dollar for a third day and snapped a three-day gain versus the euro. The Bank of England will hold its main rate unchanged at a record low 0.5 percent today, according to all 51 analysts surveyed by Bloomberg. Industrial output probably rebounded 1.1 percent in May after contracting 1.7 percent in April, according to the median forecast of 30 economists in a Bloomberg survey. The pound fell 0.2 percent to $1.5973 as of 7:47 a.m. in London, and weakened 0.3 percent to 89.76 pence per euro. It dropped 0.2 percent to 129.29 yen. The central bank will keep its bond-purchase plan at 200 billion pounds, all 32 economists said in a separate poll. To contact the reporter on this story: Garth Theunissen in London at gtheunissen@bloomberg.net To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net

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