The pound rises to a two-month high in forecast of a rate hike

The pound rose to its maximum on Wednesday in two months amid growing expectations among investors that the Bank of England will raise interest rates next month after a surprise hike in December.

It has given rise to growing expectations that Britain will not impose containment measures Economic activity to contain a leap in infections COVID-19 also supported the stock market, as the London Stock Exchange benchmark index rose to its highest level in almost two years.

The pound continued to rise for the second consecutive session, reaching $ 1.3567, the highest level since the beginning of November.

The US dollar traded below the highest level in two weeks on Wednesday as traders awaited the release of the minutes of the US Federal Reserve meeting in December amid expectations of an interest rate hike as early as March, which kept the yen near its lowest levels in 5 years.

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