Pound Gains as Traders Add to Bets on Higher Rates After Bond Risk Falls

(Bloomberg) -- The pound rose against the dollar
and euro as traders increased bets that the Bank of England will
increase interest rates again this year.

The U.K. currency headed for its second month of gains
versus the dollar as interest-rate futures show investors are
betting on borrowing costs rising at least once more this year.
The Bank of England's benchmark rate of 5.75 percent is the
highest among Group of Seven nations.


Read more at Bloomberg Currencies News