(Bloomberg) -- The pound rose to a 26-year high
against the dollar on speculation the Bank of England will keep
raising interest rates while the Federal Reserve stays on hold.
The U.K.'s currency gained for a second day before a
government report tomorrow that's forecast to show that
inflation has exceeded the BOE's 2 percent target for 14 months.
The pound last week had its biggest gain in three weeks against
the dollar on speculation a slump in the U.S. subprime mortgage
market will curb growth in the world's biggest economy.
Read more at Bloomberg Currencies News
against the dollar on speculation the Bank of England will keep
raising interest rates while the Federal Reserve stays on hold.
The U.K.'s currency gained for a second day before a
government report tomorrow that's forecast to show that
inflation has exceeded the BOE's 2 percent target for 14 months.
The pound last week had its biggest gain in three weeks against
the dollar on speculation a slump in the U.S. subprime mortgage
market will curb growth in the world's biggest economy.
Read more at Bloomberg Currencies News
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