(Bloomberg) -- The pound may gain after touching a 25-year high yesterday on speculation accelerating inflation will prompt the Bank of England to raise interest rates twice more this year.
The U.K. currency rose to its highest since June 1981 after a report yesterday showed wages climbed at the fastest pace since 2004 and the Bank of England's minutes said two policy makers voted for higher rates this month. Earlier this week, a report showed the rate of inflation was the fastest in a decade. The BOE has raised rates three times since August to 5.25 percent.
Read more at Bloomberg Currencies News
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