(Bloomberg) -- The pound held near the $2 mark, paring earlier losses, after Bank of England policy makers indicated they are concerned about price pressures and Governor Mervyn King repeated the BOE is determined to bring inflation down to target.
The U.K. currency fell yesterday as its recent climb to the highest in 25 years last week was judged by traders as being too rapid. Interest-rate futures suggest investors bet the central bank will probably raise borrowing costs twice more this year. BOE Monetary Policy Committee members made remarks to the Treasury Select Committee.
Read more at Bloomberg Currencies News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment