(Bloomberg) -- The pound may drop before reports that
will probably show manufacturing and consumer prices slowed last
month, quelling the need for further interest-rate increases.
The pound slumped versus the dollar last week as the Bank of
England kept borrowing costs unchanged at a six-year high of 5.5
percent, and amid a global sell-off in bonds that led the dollar
to rise versus the most traded currencies. Price reports today and
tomorrow are expected to supply evidence that four interest-rate
increases in the U.K. are starting to take effect.
Read more at Bloomberg Currencies News
will probably show manufacturing and consumer prices slowed last
month, quelling the need for further interest-rate increases.
The pound slumped versus the dollar last week as the Bank of
England kept borrowing costs unchanged at a six-year high of 5.5
percent, and amid a global sell-off in bonds that led the dollar
to rise versus the most traded currencies. Price reports today and
tomorrow are expected to supply evidence that four interest-rate
increases in the U.K. are starting to take effect.
Read more at Bloomberg Currencies News
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