(Bloomberg) -- The U.K. pound dropped for a second day versus the dollar before a report that's expected to show the number of U.K. mortgage approvals fell in March.
The pound declined 0.3 percent before the report that will show U.K. mortgage approvals fell in March for the first time in three months, according to a Bloomberg News survey of economists. The currency declined versus the dollar last week on speculation recent gains to a 26-year high already reflect expectations the Bank of England will raise interest rates twice more this year.
Read more at Bloomberg Currencies News
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