(Bloomberg) -- The pound rose to a 26-year high
against the dollar after a report showed sales at U.K. retailers
increased at the fastest pace since March last month.
The U.K. currency gained for a second day on speculation
signs of continued growth in consumer spending will prompt the
Bank of England to keep raising interest rates. The pound was
also buoyed by data showing the country's trade deficit
unexpectedly narrowed in May.
Read more at Bloomberg Currencies News
against the dollar after a report showed sales at U.K. retailers
increased at the fastest pace since March last month.
The U.K. currency gained for a second day on speculation
signs of continued growth in consumer spending will prompt the
Bank of England to keep raising interest rates. The pound was
also buoyed by data showing the country's trade deficit
unexpectedly narrowed in May.
Read more at Bloomberg Currencies News
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