Pound Advances for Third Day Versus Dollar as Interest Rates Lure Buyers

(Bloomberg) -- The U.K. pound gained for a third day
against the dollar, its longest winning run in almost two weeks,
on speculation the highest interest rates among the Group of
Seven nations will keep attracting investors.

The currency of Europe's second largest economy has risen
0.8 percent since June 11, when Bank of England Governor Mervyn
King signaled the bank would need to lift rates further to
contain inflation. It's near its highest since 1992 versus the
yen, the currency of the country with the lowest interest rate of
the major economies.


Read more at Bloomberg Currencies News