Pound May Advance Versus Dollar as Bank of England Vows to Fight Inflation

(Bloomberg) -- The pound may advance against the
dollar on speculation the Bank of England will keep raising
interest rates to counter inflation in Europe's second-biggest
economy.

The U.K. currency traded near a two-week high versus the
dollar last week after the minutes of the central bank's May
rate-setting meeting showed policy makers voted unanimously to
raise the benchmark rate to curb inflation and rate setters
hinted at further increase in borrowing costs.


Read more at Bloomberg Currencies News