(Bloomberg) -- The U.K. pound may decline on
indications four interest-rate increases since August are starting
to take effect in Europe's second-largest economy.
The currency logged a weekly drop versus the dollar and the
euro last week after reports signaled a cooling in Britain's
property market. A separate report later today may show U.K.
construction contracted in May. Bank of England policy makers also
announce their monthly decision on interest rates this week.
Read more at Bloomberg Currencies News
indications four interest-rate increases since August are starting
to take effect in Europe's second-largest economy.
The currency logged a weekly drop versus the dollar and the
euro last week after reports signaled a cooling in Britain's
property market. A separate report later today may show U.K.
construction contracted in May. Bank of England policy makers also
announce their monthly decision on interest rates this week.
Read more at Bloomberg Currencies News
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