(Bloomberg) -- The U.K. pound advanced against the
dollar on speculation the Bank of England will increase interest
rates at its monthly meeting this week.
The currency also rose to the highest in almost 15 years
versus the yen, as a gain in equity markets encouraged so-called
carry trade investors to take advantage of low interest rates in
Japan to buy the pound and other higher-yielding assets. BOE
policy makers are due to announce their decision on U.K. borrowing
costs on June 7.
Read more at Bloomberg Currencies News
dollar on speculation the Bank of England will increase interest
rates at its monthly meeting this week.
The currency also rose to the highest in almost 15 years
versus the yen, as a gain in equity markets encouraged so-called
carry trade investors to take advantage of low interest rates in
Japan to buy the pound and other higher-yielding assets. BOE
policy makers are due to announce their decision on U.K. borrowing
costs on June 7.
Read more at Bloomberg Currencies News
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