(Bloomberg) -- The U.K. pound traded near its lowest
in two months after an industry survey showed house-price
inflation slowed this month, easing pressure on the Bank of
England to keep raising interest rates this year.
The pound fell for a fourth week against the dollar, its
longest losing run in 15 months, as investors scaled back
expectations for rate increases this year. The pound extended its
drop after a report last week showed sales at U.K. retailers
unexpectedly fell in April.
Read more at Bloomberg Currencies News
in two months after an industry survey showed house-price
inflation slowed this month, easing pressure on the Bank of
England to keep raising interest rates this year.
The pound fell for a fourth week against the dollar, its
longest losing run in 15 months, as investors scaled back
expectations for rate increases this year. The pound extended its
drop after a report last week showed sales at U.K. retailers
unexpectedly fell in April.
Read more at Bloomberg Currencies News
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