Wednesday, July 4, 2007

Dollar near 26-year low vs sterling

(Reuters) - The Bank of England is widely expected to lift rates by 25 basis points to 5.75 percent after a two-day meeting that ends on Thursday, taking them further above the Federal Reserve's 5.25 percent rate.




Also on Thursday, the European Central Bank and its president, Jean-Claude Trichet, are seen reinforcing expectations for higher rates in the euro zone eventually, while keeping them on hold for now at 4.0 percent.


Read more at Reuters.com Hot Stocks News

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