(Bloomberg) -- The pound may climb on speculation a
U.K. report that's expected to indicate falling unemployment
will prompt investors to boost bets on higher interest rates.
The currency may add to gains yesterday that were the first
in five days after Bank of England Governor Mervyn King signaled
borrowing costs will have to rise should the pace of inflation
be sustained. The government will today probably say jobless
claims in Europe's second-largest economy dropped 8,400 in May,
according to a survey of economists by Bloomberg News.
Read more at Bloomberg Currencies News
U.K. report that's expected to indicate falling unemployment
will prompt investors to boost bets on higher interest rates.
The currency may add to gains yesterday that were the first
in five days after Bank of England Governor Mervyn King signaled
borrowing costs will have to rise should the pace of inflation
be sustained. The government will today probably say jobless
claims in Europe's second-largest economy dropped 8,400 in May,
according to a survey of economists by Bloomberg News.
Read more at Bloomberg Currencies News
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