(Bloomberg) -- The U.K. pound pushed through the $2
barrier for the first time since May 2 on speculation Bank of
England Governor Mervyn King will this week tell lawmakers he's
ready to keep raising interest rates.
The pound also gained against the euro before a report this
week that will probably show house prices gained for a 14th month
in June. The U.K. currency climbed last week after minutes of the
BOE's last policy meeting showed King was among the policy makers
who backed higher borrowing costs. He's due to testify before
Parliament on June 28.
Read more at Bloomberg Currencies News
barrier for the first time since May 2 on speculation Bank of
England Governor Mervyn King will this week tell lawmakers he's
ready to keep raising interest rates.
The pound also gained against the euro before a report this
week that will probably show house prices gained for a 14th month
in June. The U.K. currency climbed last week after minutes of the
BOE's last policy meeting showed King was among the policy makers
who backed higher borrowing costs. He's due to testify before
Parliament on June 28.
Read more at Bloomberg Currencies News
No comments:
Post a Comment