(Bloomberg) -- The U.K. pound advanced against the dollar before a report expected to show that retail sales rose for a third month in April, reinforcing the case for the Bank of England to keep raising interest rates this year.
The pound advanced versus the dollar for only the second day this week and against the euro for a second day after a quarterly report by the Bank of England two days ago said the outlook for prices is ``unusually uncertain.'' The bank also said it expects ``upside risks'' to inflation.
Read more at Bloomberg Currencies News
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