(Bloomberg) -- The U.K. pound dropped 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 last
week, its longest losing run in 15 months, as investors scaled
back expectations for rate increases this year. Futures traders
decreased their bets for a third week that the pound will gain
against the U.S. dollar, figures from the Washington-based
Commodity Futures Trading Commission show.
Read more at Bloomberg Currencies News
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 last
week, its longest losing run in 15 months, as investors scaled
back expectations for rate increases this year. Futures traders
decreased their bets for a third week that the pound will gain
against the U.S. dollar, figures from the Washington-based
Commodity Futures Trading Commission show.
Read more at Bloomberg Currencies News
No comments:
Post a Comment