(Bloomberg) -- The U.K. pound rose after an industry survey showed house prices rose last month and before a report that's forecast to show inflation breached the Bank of England's 2 percent target for a 12th month.
The pound advanced against 14 of the 16 most traded currencies today after the Royal Institution of Chartered Surveyors said the cost of homes rose, strengthening the case for Bank of England rate increases. A separate report may show consumer prices rose 2.8 percent from a year earlier after a 3.1 percent rate in March, the highest in a decade, according to a Bloomberg survey.
Read more at Bloomberg Currencies News
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