| From Bloomberg: The pound gained for a fifth day against the dollar amid speculation this week’s Bank of England quarterly inflation report will show consumer-price growth picked up, making an interest-rate cut less likely.
The pound climbed to the highest level in three weeks after Barclays Plc said today earnings rose in the second half by more than analysts. The Bank of England is scheduled Feb. 11 to release its inflation report containing forecasts for economic growth. Futures traders reduced bets the currency will drop against the dollar, data from the Washington-based Commodity Futures Trading Commission showed last week. .... Full Article: Source
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