(Bloomberg) -- The U.K. pound may gain after a report
showed consumer confidence reached the highest level in 18
months, further adding to expectations of higher interest rates
in Europe's second largest economy.
The currency has gained in the four days before Bank of
England policy makers announce their decision on U.K. borrowing
costs tomorrow. All but four of 62 economists surveyed by
Bloomberg News expect the central bank to hold rates at 5.5
percent, a six-year high.
Read more at Bloomberg Currencies News
showed consumer confidence reached the highest level in 18
months, further adding to expectations of higher interest rates
in Europe's second largest economy.
The currency has gained in the four days before Bank of
England policy makers announce their decision on U.K. borrowing
costs tomorrow. All but four of 62 economists surveyed by
Bloomberg News expect the central bank to hold rates at 5.5
percent, a six-year high.
Read more at Bloomberg Currencies News
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