(Bloomberg) -- The pound headed for its biggest
weekly gain in two months versus the dollar on speculation the
Bank of England will raise interest rates next month, boosting
the appeal of holding assets denominated in the currency.
Nationwide Building Society will probably say next week the
pace of growth in U.K. house prices quickened during June,
according to economists in a Bloomberg survey. The pound climbed
this week after minutes of the Bank of England's June policy
meeting showed Governor Mervyn King and three other policy
committee members backed higher borrowing costs.
Read more at Bloomberg Currencies News
weekly gain in two months versus the dollar on speculation the
Bank of England will raise interest rates next month, boosting
the appeal of holding assets denominated in the currency.
Nationwide Building Society will probably say next week the
pace of growth in U.K. house prices quickened during June,
according to economists in a Bloomberg survey. The pound climbed
this week after minutes of the Bank of England's June policy
meeting showed Governor Mervyn King and three other policy
committee members backed higher borrowing costs.
Read more at Bloomberg Currencies News
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