gkd_uk
Well-Known Member
The pound has risen briefly above $2 - close to record highs - as investors expect an interest rate rise in July.
In early trade in Europe, one pound touched $2.0006, almost reaching May's 26-year high of $2.013 dollars.
Bank of England minutes released last week showed that the main rate-setting committee voted five members to four to freeze rates at 5.5% in June.
Analysts said this makes an interest rate rise to 5.75% in July a near certainty, in a bid to beat inflation.
Read more
In early trade in Europe, one pound touched $2.0006, almost reaching May's 26-year high of $2.013 dollars.
Bank of England minutes released last week showed that the main rate-setting committee voted five members to four to freeze rates at 5.5% in June.
Analysts said this makes an interest rate rise to 5.75% in July a near certainty, in a bid to beat inflation.
Read more