Sterling adds since Dale states interest rates bets are reasonable

Source: Bloomberg
© RS
The Pound advanced to the highest level in two and a half years versus the Dollar, since the central bank's Chief Economist, Spenser Dale, stated investors' bets in regard to interest rates growth in two years are reasonable. Sterling strengthened in a third day against the U.S Dollar, due to unexpected drop of U.S retail sales, and gained 0.2% to $1.6634 at 3:27 p.m. in London after reaching to $1.6673, the strongest since May 2011. The Pound weakened 0.3% to 82.17 pence against the Euro.


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