NEW YORK, Nov 11 (Reuters) - Sterling continued its declines against the dollar on Wednesday after Governor Mervyn King said earlier in the global session the Bank of England was open-minded about pumping more money into the economy and highlighted the benefits of a weak pound.

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Sterling fell 1 percent against the U.S. dollar to a low of $1.6565 GBP=, according to Reuters data, and last traded at $1.6568. (Reporting by Nick Olivari; Editing by James Dalgleish)