(Bloomberg) -- The pound traded near a 15-year high against the dollar before a U.K. report expected to show inflation was at the second-fastest rate in a decade last month.
The U.K. currency yesterday rallied to its strongest since September 1992 as reports showed housing costs rose and factory- gate prices increased the most in 11 months. The prospect of further interest-rate increases by the Bank of England prompted investors to buy U.K. assets using funds borrowed in lower- yielding currencies such as the yen and Swiss franc.
Read more at Bloomberg Currencies News
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