(Bloomberg) -- The pound may fall on speculation its value already reflects the prospect that the Bank of England will raise interest rates further this year to ward off inflation.
The pound fell to a two month low against the dollar and to a four-week low against the dollar yesterday after a report showed inflation slowed last month from the highest in a decade. Traders held onto bets the central bank will raise rates twice more this year, futures prices show. The bank will release its quarterly inflation report today.
Read more at Bloomberg Currencies News
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