(Bloomberg) -- The pound posted its biggest weekly
gain since June against the yen as credit markets rebounded,
prompting investors to restart so-called carry trades.
The pound also had a weekly gain against the dollar as
traders bought high-yielding currencies with loans from Japan and
on expectations the Bank of England will raise interest rates at
least once more from 5.75 percent by year-end.
Read more at Bloomberg Currencies News
gain since June against the yen as credit markets rebounded,
prompting investors to restart so-called carry trades.
The pound also had a weekly gain against the dollar as
traders bought high-yielding currencies with loans from Japan and
on expectations the Bank of England will raise interest rates at
least once more from 5.75 percent by year-end.
Read more at Bloomberg Currencies News
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