(Bloomberg) -- The pound rose to the highest in 26
years against the dollar on speculation the Bank of England will
raise interest rates at least once more this year.
The U.K. currency gained to the highest since May 1981 as
the highest benchmark yields of any Group of Seven nation lure
investors. Interest-rate futures trading shows investors are
betting on a quarter-point rate increase by the BOE to 6 percent
and have partly priced in a second shift this year. U.K. policy
makers meet on Aug. 2 to decide on benchmark borrowing costs.
Read more at Bloomberg Currencies News
years against the dollar on speculation the Bank of England will
raise interest rates at least once more this year.
The U.K. currency gained to the highest since May 1981 as
the highest benchmark yields of any Group of Seven nation lure
investors. Interest-rate futures trading shows investors are
betting on a quarter-point rate increase by the BOE to 6 percent
and have partly priced in a second shift this year. U.K. policy
makers meet on Aug. 2 to decide on benchmark borrowing costs.
Read more at Bloomberg Currencies News
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