(Bloomberg) -- The U.K. pound may gain on expectations a report today will show that retail sales rose for a third month in April, reinforcing the case for the Bank of England to keep raising interest rates this year.
The pound traded near a two-month low versus the euro and a four-week low against the dollar after inflation slowed last month and the BOE said in a quarterly report two days ago that the outlook for prices is ``unusually uncertain.'' The bank also said it expects ``upside risks'' to inflation.
Read more at Bloomberg Currencies News
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