(Bloomberg) -- The pound rose above $2 as signs U.K.
house-price growth quickened spurred speculation Bank of England
Governor Mervyn King will tell lawmakers it needs to resume
raising interest rates to push inflation back below its target.
The pound rose above $2 for a third time this week after the
Nationwide Building Society said U.K. property-price inflation
accelerated to a 2 1/2-year high. King, who's due to testify
before Parliament today, was among the policy makers who backed
higher rates at the BOE's last meeting. The majority decided to
keep rates unchanged.
Read more at Bloomberg Currencies News
house-price growth quickened spurred speculation Bank of England
Governor Mervyn King will tell lawmakers it needs to resume
raising interest rates to push inflation back below its target.
The pound rose above $2 for a third time this week after the
Nationwide Building Society said U.K. property-price inflation
accelerated to a 2 1/2-year high. King, who's due to testify
before Parliament today, was among the policy makers who backed
higher rates at the BOE's last meeting. The majority decided to
keep rates unchanged.
Read more at Bloomberg Currencies News
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