(Bloomberg) -- The pound posted its biggest weekly
advance versus the dollar since January on speculation the Bank
of England will raise rates next month, boosting the appeal of
sterling-denominated assets.
Nationwide Building Society will probably say next week U.K.
house prices continued to grow at the quickest pace this year in
June, according to economists in a Bloomberg News survey. The
pound climbed this week after the minutes of the Bank of
England's last policy meeting showed Governor Mervyn King and
three other committee members backed higher borrowing costs. King
is scheduled to address lawmakers on June 28.
Read more at Bloomberg Currencies News
advance versus the dollar since January on speculation the Bank
of England will raise rates next month, boosting the appeal of
sterling-denominated assets.
Nationwide Building Society will probably say next week U.K.
house prices continued to grow at the quickest pace this year in
June, according to economists in a Bloomberg News survey. The
pound climbed this week after the minutes of the Bank of
England's last policy meeting showed Governor Mervyn King and
three other committee members backed higher borrowing costs. King
is scheduled to address lawmakers on June 28.
Read more at Bloomberg Currencies News
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