(Bloomberg) -- The pound traded near the highest in
almost four months against the euro on speculation investors will
keep raising bets on higher interest rates in Europe's second-
largest economy.
The currency has gained 0.8 percent versus the euro this
week as minutes of the Bank of England's June policy meeting
yesterday showed Governor Mervyn King and three other policy
makers backed higher borrowing costs. That prompted HSBC Plc and
JPMorgan Chase Co. to bring forward their forecasts of the next
interest-rate increase.
Read more at Bloomberg Currencies News
almost four months against the euro on speculation investors will
keep raising bets on higher interest rates in Europe's second-
largest economy.
The currency has gained 0.8 percent versus the euro this
week as minutes of the Bank of England's June policy meeting
yesterday showed Governor Mervyn King and three other policy
makers backed higher borrowing costs. That prompted HSBC Plc and
JPMorgan Chase Co. to bring forward their forecasts of the next
interest-rate increase.
Read more at Bloomberg Currencies News
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