The pound reached the strongest level in 19 months against the euro after Bank of England Governor Mark Carney said the institution may raise its key interest rate from a record low earlier than investors expected.
The pound fell against the euro for the first time in three days after Bank of England Governor Mark Carney said surging house prices posed the biggest risk to the U.K. economy.
New Zealand’s dollar may fail to rally even if the nation’s central bank increases borrowing costs, according to UBS AG.
Any escalation of the Crimean crisis risks shattering a 17-month truce between currency traders and the Swiss National Bank as demand for haven assets pushes bets on a weaker franc into retreat.
UBS AG, Switzerland’s biggest bank, increased its forecasts for the franc against the euro as the Swiss currency’s world-beating gains in the past six months confound those expecting it to weaken.
"There could still be a long way to go."
- Geoffrey Yu on Jul 29, 2014
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