(Bloomberg) -- The pound rose versus the dollar after
Bank of England Governor Mervyn King signaled he may raise
interest rates again, prompting speculation the currency will
continue to benefit from so-called carry trades.
The U.K. currency climbed for the first day in five, rallying
from its lowest in two months, after King said late yesterday the
BOE ``may need to take further action'' to contain inflation. The
bank has raised rates four times since August to a six-year high,
improving the allure of U.K. assets.
Read more at Bloomberg Currencies News
Bank of England Governor Mervyn King signaled he may raise
interest rates again, prompting speculation the currency will
continue to benefit from so-called carry trades.
The U.K. currency climbed for the first day in five, rallying
from its lowest in two months, after King said late yesterday the
BOE ``may need to take further action'' to contain inflation. The
bank has raised rates four times since August to a six-year high,
improving the allure of U.K. assets.
Read more at Bloomberg Currencies News
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