(Bloomberg) -- The pound may gain, snapping a two-day decline against the dollar, on speculation the Bank of England will keep raising interest rates next week in order to curb above-target inflation.
The U.K. currency fell yesterday after a central bank report showed lenders granted the fewest loans for home purchases since April 2006, and today failed to trade above the psychological $2 mark for the first time since April 17 as investors await tomorrow's U.S. payrolls report for last month.
Read more at Bloomberg Currencies News
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