Pound Traders Grow Most Bullish Since January, Currency Options Indicate

(Bloomberg) -- Currency options traders are the most bullish on the U.K. pound since January as a jump in inflation increased speculation the Bank of England will raise interest rates as soon as May.

The U.K. pound rose above $2 for the first time since September 1992 today as consumer-price inflation accelerated to 3.1 percent in March, the fastest pace in a decade.


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