(Bloomberg) -- The U.K. pound may hold near its
highest in more than a quarter of a century against the dollar as
investors bet the Bank of England will raise interest rates this
week to curb inflation.
The currency rose above $2 last week and yesterday reached
$2.0185, its highest since June 1981. The BOE's Monetary Policy
Committee members will decide on borrowing costs July 5, and
economists surveyed by Bloomberg News expect them to lift the
benchmark rate by a quarter-point to 5.75 percent.
Read more at Bloomberg Currencies News
highest in more than a quarter of a century against the dollar as
investors bet the Bank of England will raise interest rates this
week to curb inflation.
The currency rose above $2 last week and yesterday reached
$2.0185, its highest since June 1981. The BOE's Monetary Policy
Committee members will decide on borrowing costs July 5, and
economists surveyed by Bloomberg News expect them to lift the
benchmark rate by a quarter-point to 5.75 percent.
Read more at Bloomberg Currencies News
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