(Bloomberg) -- The pound may gain versus the dollar after three days of declines lure buyers looking to capitalize on speculation signs of inflation accelerating will persuade the Bank of England to raise interest rates in May.
The U.K. currency fell yesterday as its recent climb to the highest in 25 years last week was judged by traders as being too rapid. Interest-rate futures suggest investors bet the central bank will probably raise borrowing costs twice more this year.
Read more at Bloomberg Currencies News
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