(Bloomberg) -- The U.K. pound rose against the euro as a report showed retail spending gained last month, stoking expectations the Bank of England will have to keep raising interest rates to cut above-target inflation.
The pound gained for a third day against the dollar as the Confederation of British Industry said its retail index rose to the highest in two years. The currency snapped a four-day losing streak against the euro yesterday after a separate report showed inflation will exceed the BOE's target for another year.
Read more at Bloomberg Currencies News
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