(Bloomberg) -- The pound may gain against the
dollar on speculation the Bank of England will keep raising
interest rates while the Federal Reserve stays on hold.
The U.K. currency rose to a 26-year high against the dollar
last week after Moody's Investors Service and Standard & Poor's
warned about bonds backed by U.S. subprime mortgages, suggesting
a housing slowdown will worsen. The pound may be further buoyed
before a report tomorrow that's forecast to show that U.K.
inflation exceeded the BOE's 2 percent target for 14 months.
Read more at Bloomberg Currencies News
dollar on speculation the Bank of England will keep raising
interest rates while the Federal Reserve stays on hold.
The U.K. currency rose to a 26-year high against the dollar
last week after Moody's Investors Service and Standard & Poor's
warned about bonds backed by U.S. subprime mortgages, suggesting
a housing slowdown will worsen. The pound may be further buoyed
before a report tomorrow that's forecast to show that U.K.
inflation exceeded the BOE's 2 percent target for 14 months.
Read more at Bloomberg Currencies News
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