(Bloomberg) -- The pound rose versus the dollar and
pared losses against the euro on speculation the Bank of England
will increase borrowing costs later this year to cool inflation.
The U.K. currency traded at $2.0272 from $2.0242, after
earlier rising to as high as $2.0291. Against the euro, the pound
was at 67.51 pence, from 67.37 pence.
Read more at Bloomberg Currencies News
pared losses against the euro on speculation the Bank of England
will increase borrowing costs later this year to cool inflation.
The U.K. currency traded at $2.0272 from $2.0242, after
earlier rising to as high as $2.0291. Against the euro, the pound
was at 67.51 pence, from 67.37 pence.
Read more at Bloomberg Currencies News
No comments:
Post a Comment