(Bloomberg) -- The U.K. pound rose to its highest against the dollar since September 1999 on expectations minutes of the latest Bank of England meeting will suggest policy makers are minded to increase interest rates this year.
The pound rose for a fifth day as investors bought the currency in so-called carry trades, funded by borrowing in currencies with lower interest rates like the yen or Swiss franc. The BoE will release the minutes on March 18.
Read more at Bloomberg Currencies News
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