(Bloomberg) -- The pound rose for a third day versus
the dollar as traders added to bets the Bank of England will
continue raising interest rates this year.
The currency also traded near the highest in almost 15 years
versus the yen today as a gain in Asian stocks encouraged
investors to use the so-called carry trade, taking advantage of
low interest rates in Japan to fund purchases of higher-yielding
assets, such as the pound. BOE policy makers will announce their
monthly decision on interest rates this week.
Read more at Bloomberg Currencies News
the dollar as traders added to bets the Bank of England will
continue raising interest rates this year.
The currency also traded near the highest in almost 15 years
versus the yen today as a gain in Asian stocks encouraged
investors to use the so-called carry trade, taking advantage of
low interest rates in Japan to fund purchases of higher-yielding
assets, such as the pound. BOE policy makers will announce their
monthly decision on interest rates this week.
Read more at Bloomberg Currencies News
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