(Bloomberg) -- The pound headed for a monthly gain
against the dollar and the euro on speculation the Bank of
England will keep raising interest rates to curb inflation.
The U.K. currency traded above $2 this week for the first
time since May 2, and is set for its sixth straight quarterly
gain versus the dollar. Policy makers' next decision on interest
rates is on July 5, when economists surveyed by Bloomberg expect
them to lift the main benchmark a quarter-point to 5.75 percent.
Read more at Bloomberg Currencies News
against the dollar and the euro on speculation the Bank of
England will keep raising interest rates to curb inflation.
The U.K. currency traded above $2 this week for the first
time since May 2, and is set for its sixth straight quarterly
gain versus the dollar. Policy makers' next decision on interest
rates is on July 5, when economists surveyed by Bloomberg expect
them to lift the main benchmark a quarter-point to 5.75 percent.
Read more at Bloomberg Currencies News
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