(Bloomberg) -- The U.K. pound rose to a 26-year high
against the dollar on expectations the Bank of England will keep
raising interest rates, boosting the country's yield advantage.
The pound climbed the most against the dollar in a month
before a central bank meeting this week at which policy makers
are forecast to raise rates a quarter-point to a six-year high
of 5.75 percent. In contrast, the U.S. Federal Reserve held its
benchmark borrowing cost at 5.25 percent last week.
Read more at Bloomberg Currencies News
against the dollar on expectations the Bank of England will keep
raising interest rates, boosting the country's yield advantage.
The pound climbed the most against the dollar in a month
before a central bank meeting this week at which policy makers
are forecast to raise rates a quarter-point to a six-year high
of 5.75 percent. In contrast, the U.S. Federal Reserve held its
benchmark borrowing cost at 5.25 percent last week.
Read more at Bloomberg Currencies News
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