(Bloomberg) -- The pound gained against the dollar
this week as manufacturing figures and minutes from the Bank of
England's last policy meeting prompted traders to increase bets
that interest rates will rise.
The U.K. currency rallied the most in a month on May 23
after the central bank said that policy makers voted unanimously
for a change in interest rates for the first time since August
2004. The government today said gross domestic product grew in
the first quarter at a faster annual pace than economists
predicted in a Bloomberg survey.
Read more at Bloomberg Currencies News
this week as manufacturing figures and minutes from the Bank of
England's last policy meeting prompted traders to increase bets
that interest rates will rise.
The U.K. currency rallied the most in a month on May 23
after the central bank said that policy makers voted unanimously
for a change in interest rates for the first time since August
2004. The government today said gross domestic product grew in
the first quarter at a faster annual pace than economists
predicted in a Bloomberg survey.
Read more at Bloomberg Currencies News
No comments:
Post a Comment