The monetary unit of England touched its top value in three weeks against the world's reserve currency on Monday as the central bank prepared to release minutes from the policy meeting earlier this month, Bloomberg reports.
The pound was moderately changed against the common currency of the European Union. Prices of houses in the region have fallen this month, a Monday industry report states. Mark Carney, governor of the Bank of England, late last week extolled the pace of the economic recovery in the U.K.
The body led by Carney is preparing to release the November 7 policy meeting minutes this Wednesday. During that meeting, members of the Monetary Policy Committee opted to leave the key interest rate at 0.5 percent, which represents a record-low level. Policy makers also opted to leave the asset-purchase target at 375 billion pounds.
The pound rose to its top rate since the end of October against the U.S. dollar after marking gains of 0.6 percent last week.
With a regional unemployment rate of roughly 7.6 percent, the region is aiming to cut the metric to 7 percent, according to The Guardian. That is a goal the Bank of England set before it considers raising borrowing costs.
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