(Bloomberg) -- The pound may drop for a second day
versus the dollar on speculation a report showing retail sales
growth slowed last month will reinforce speculation the Bank of
England won't need to raise interest rates further.
Sales expansion in Europe's second largest economy probably
slowed to an annual 3.8 percent from 4.2 percent in April,
according to economists in a Bloomberg News survey. The U.K.
currency may also be hurt after an industry survey showed house
prices rose at the weakest pace in a year in May.
Read more at Bloomberg Currencies News
versus the dollar on speculation a report showing retail sales
growth slowed last month will reinforce speculation the Bank of
England won't need to raise interest rates further.
Sales expansion in Europe's second largest economy probably
slowed to an annual 3.8 percent from 4.2 percent in April,
according to economists in a Bloomberg News survey. The U.K.
currency may also be hurt after an industry survey showed house
prices rose at the weakest pace in a year in May.
Read more at Bloomberg Currencies News
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