(Bloomberg) -- The U.K. pound may gain for a third
day against the dollar, its longest winning run in almost two
weeks, on speculation the highest interest rates among the Group
of Seven nations will keep attracting investors.
The currency of Europe's second largest economy has risen
0.8 percent since June 12, when Bank of England Governor Mervyn
King signaled the bank would need to lift rates further to
contain inflation. It's near its highest since 1992 versus the
yen, the currency of the country with the lowest interest rate of
the major economies.
Read more at Bloomberg Currencies News
day against the dollar, its longest winning run in almost two
weeks, on speculation the highest interest rates among the Group
of Seven nations will keep attracting investors.
The currency of Europe's second largest economy has risen
0.8 percent since June 12, when Bank of England Governor Mervyn
King signaled the bank would need to lift rates further to
contain inflation. It's near its highest since 1992 versus the
yen, the currency of the country with the lowest interest rate of
the major economies.
Read more at Bloomberg Currencies News
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