(Bloomberg) -- The pound may fall against the dollar
on views its recent rise to a 26-year high was excessive, and
after a report showed U.K. consumer confidence fell for the first
time in six months in June.
The U.K. currency rose to $2.0196 yesterday on speculation
Bank of England's policy makers will raise interest rates this
week to a six-year high of 5.75 percent. A separate survey later
today will probably show the services sector expanded at a slower
pace in June.
Read more at Bloomberg Currencies News
on views its recent rise to a 26-year high was excessive, and
after a report showed U.K. consumer confidence fell for the first
time in six months in June.
The U.K. currency rose to $2.0196 yesterday on speculation
Bank of England's policy makers will raise interest rates this
week to a six-year high of 5.75 percent. A separate survey later
today will probably show the services sector expanded at a slower
pace in June.
Read more at Bloomberg Currencies News
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