(Bloomberg) -- The pound headed for a weekly gain
versus the dollar, snapping a four-week losing run, on views the
Bank of England will keep raising interest rates.
The U.K. currency traded near a two-week high against the
dollar yesterday as a manufacturing survey underpinned
expectations the central bank will raise borrowing costs twice
more this year. The pound may extend gains before a government
report today that's expected to confirm the economy maintained
the pace of its growth in the first quarter.
Read more at Bloomberg Currencies News
versus the dollar, snapping a four-week losing run, on views the
Bank of England will keep raising interest rates.
The U.K. currency traded near a two-week high against the
dollar yesterday as a manufacturing survey underpinned
expectations the central bank will raise borrowing costs twice
more this year. The pound may extend gains before a government
report today that's expected to confirm the economy maintained
the pace of its growth in the first quarter.
Read more at Bloomberg Currencies News
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