U.K. Pound May Advance on Expectations of Higher Rates, Acquisitions

(Bloomberg) -- The U.K. pound may rebound from a six
week low against the dollar on expectations the Bank of England
will keep raising interest rates and foreign companies step up
acquisitions of U.K. rivals.

Investors are sticking with bets the rate setting monetary
Policy Council will increase interest rates twice more this year.
U.K. insurer Friends Provident Plc may receive a bid from rival
Axa SA, the Observer reported, spurring speculation more British
companies will become takeover targets.


Read more at Bloomberg Currencies News