(Bloomberg) -- The U.K. pound gained against the dollar after a report showed house-prices grew quicker than forecast, stoking speculation the Bank of England will increase interest rates further.
Property values in Britain rose at the fastest pace in four months in April, Nationwide Building Society said. The pound last week soared to a 25-year high as traders increased bets the central bank will lift its main rate twice more this year after inflation breached its target by more than a percentage point.
Read more at Bloomberg Currencies News
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