(Bloomberg) -- The pound rose against the euro and
traded near the strongest in a month against the dollar after a
report showed consumer confidence reached an 18-month high.
The U.K. currency has strengthened against the dollar so
far this quarter as traders bet the Bank of England will raise
interest rates at least once more this year. The central bank
will tomorrow hold rates at 5.5 percent, a six-year high, at a
policy meeting, according to a Bloomberg survey of economists.
Read more at Bloomberg Currencies News
traded near the strongest in a month against the dollar after a
report showed consumer confidence reached an 18-month high.
The U.K. currency has strengthened against the dollar so
far this quarter as traders bet the Bank of England will raise
interest rates at least once more this year. The central bank
will tomorrow hold rates at 5.5 percent, a six-year high, at a
policy meeting, according to a Bloomberg survey of economists.
Read more at Bloomberg Currencies News
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