U.K. Pound to Fall as Nation's Interest Rates Peak, Credit Suisse Predicts

(Bloomberg) -- Investors should use options to bet
the U.K. pound will extend a decline versus the Australian
dollar because the Bank of England will lift interest rates less
than traders currently anticipate, according to Credit Suisse.

The pound, already close to a one-year low year versus the
Australian dollar, will slide further because the central bank
will stop after one more rate increase this year, Credit Suisse
forecasts. At the same time, the Australian dollar is set to
gain as a quicker global economy fuels demand for its commodity
exports, the bank said.


Read more at Bloomberg Currencies News