(Bloomberg) -- The U.K. pound may gain on
speculation Bank of England Governor Mervyn King will this week
reiterate that the central bank is ready to raise the highest
interest rates among the Group of 7 nations even more.
The pound climbed last week after minutes of the bank's June
policy meeting showed King was among policy makers who backed
higher borrowing costs. King is due to testify in Parliament this
week. Nationwide Building Society will this week probably say
U.K. house prices quickened for the fourteenth month during June,
according to economists in a Bloomberg survey.
Read more at Bloomberg Currencies News
speculation Bank of England Governor Mervyn King will this week
reiterate that the central bank is ready to raise the highest
interest rates among the Group of 7 nations even more.
The pound climbed last week after minutes of the bank's June
policy meeting showed King was among policy makers who backed
higher borrowing costs. King is due to testify in Parliament this
week. Nationwide Building Society will this week probably say
U.K. house prices quickened for the fourteenth month during June,
according to economists in a Bloomberg survey.
Read more at Bloomberg Currencies News
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