(Bloomberg) -- The U.K. pound rose against the euro before reports this week that will probably reinforce views that the interest-rate premium the pound has over the dollar will widen further.
The pound fell last week as the rally that pushed it to a 26-year high versus the dollar was judged by traders as being too rapid. Data this week may show money supply growth quickened in March and gains in house prices held above 10 percent in the three months to April. U.S. reports may show personal spending grew at a slower pace in March while inflation slowed.
Read more at Bloomberg Currencies News
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