(Bloomberg) -- The pound may fall after an industry
survey showed house prices in the U.K. rose at the slowest pace
since January 2006 last month, a sign higher interest rates may
be starting to cool the property-market boom.
Britain's currency is trading at a 26-year high on
speculation the Bank of England will raise interest rates to 6.25
percent this year, as the Federal Reserve stays on hold. A
technical indicator used by some investors to judge whether a
currency has risen or fallen too far suggested buying this week
might have run its course.
Read more at Bloomberg Currencies News
survey showed house prices in the U.K. rose at the slowest pace
since January 2006 last month, a sign higher interest rates may
be starting to cool the property-market boom.
Britain's currency is trading at a 26-year high on
speculation the Bank of England will raise interest rates to 6.25
percent this year, as the Federal Reserve stays on hold. A
technical indicator used by some investors to judge whether a
currency has risen or fallen too far suggested buying this week
might have run its course.
Read more at Bloomberg Currencies News
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