(Bloomberg) -- The pound advanced today, posting its
first week of gains in three, on speculation the Bank of England
will need to keep raising interest rates to slow the economy.
BOE Governor Mervyn King this week said the bank ``may need
to take further action'' to contain inflation, a week after it
boosted the main lending rate to a six-year high. Monetary Policy
Committee member Paul Tucker said in a speech today a pickup in
money growth is an ``amber light'' for future inflation.
Read more at Bloomberg Currencies News
first week of gains in three, on speculation the Bank of England
will need to keep raising interest rates to slow the economy.
BOE Governor Mervyn King this week said the bank ``may need
to take further action'' to contain inflation, a week after it
boosted the main lending rate to a six-year high. Monetary Policy
Committee member Paul Tucker said in a speech today a pickup in
money growth is an ``amber light'' for future inflation.
Read more at Bloomberg Currencies News
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