This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/6236598.stm
The article has changed 9 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| UK pound edges above the $2 level | UK pound edges above the $2 level |
| (10 minutes later) | |
| The pound has gone above $2 - close to record highs - as investors price in an interest rate rise in July. | The pound has gone above $2 - close to record highs - as investors price in an interest rate rise in July. |
| In early trade in Europe, one pound touched $2.0006, almost reaching May's 26-year high of $2.013 dollars. | In early trade in Europe, one pound touched $2.0006, almost reaching May's 26-year high of $2.013 dollars. |
| Bank of England minutes released last week showed that the main rate-setting committee voted five members to four to freeze rates at 5.5% in June. | Bank of England minutes released last week showed that the main rate-setting committee voted five members to four to freeze rates at 5.5% in June. |
| Analysts said this makes an interest rate rise in July a near certainty to combat inflation. | Analysts said this makes an interest rate rise in July a near certainty to combat inflation. |
| A stronger pound is good news for British tourists hunting for bargains in the US, but does not augur well for UK exporters, who could suffer as their goods become more expensive. |