(Bloomberg) -- The pound held near a 26-year high
against the dollar on speculation the Bank of England will lift
interest rates today and signal that further increases are needed
to curb inflation.
The U.K. currency climbed to $2.0207 yesterday, the highest
since June 1981, and has held above $2 for the past five days.
BOE policy makers will raise their interest rate a quarter-point
to a six-year high of 5.75 percent today, its fifth increase in
the past 12 months, according to 53 of the 60 economists surveyed
by Bloomberg News.
Read more at Bloomberg Currencies News
against the dollar on speculation the Bank of England will lift
interest rates today and signal that further increases are needed
to curb inflation.
The U.K. currency climbed to $2.0207 yesterday, the highest
since June 1981, and has held above $2 for the past five days.
BOE policy makers will raise their interest rate a quarter-point
to a six-year high of 5.75 percent today, its fifth increase in
the past 12 months, according to 53 of the 60 economists surveyed
by Bloomberg News.
Read more at Bloomberg Currencies News
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