(Bloomberg) -- The pound may advance on speculation
the minutes of the Bank of England's June meeting and economic
reports this week will reinforce the case for higher interest
rates to slow the economy.
Since the June 7 meeting Governor Mervyn King and Paul
Tucker again expressed concern about inflation, underpinning
expectations for an increase in borrowing costs. The bank will
probably say June 20 that M4 money supply, closely watched by
rate setters for signs of inflation, rose for a third week.
Read more at Bloomberg Currencies News
the minutes of the Bank of England's June meeting and economic
reports this week will reinforce the case for higher interest
rates to slow the economy.
Since the June 7 meeting Governor Mervyn King and Paul
Tucker again expressed concern about inflation, underpinning
expectations for an increase in borrowing costs. The bank will
probably say June 20 that M4 money supply, closely watched by
rate setters for signs of inflation, rose for a third week.
Read more at Bloomberg Currencies News
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