The English pound rose against the world's reserve currency as Governor Mark Carney with the Bank of England (BOE) prepares to speak in New York on Monday, according to Bloomberg.
The monetary unit of the U.K. also edged up against the shared currency of the European Union after four-straight days of slumping. Data about regional industrial production is set for release on Tuesday, for which economists are optimistic about continued growth and development. BOE policy makers opted late last week to leave interest rates at a record-low rate of 0.5 percent.
The pound edged up roughly 0.2 percent against the U.S. dollar and about 0.1 percent against the 17-nation monetary unit.
The English pound has advanced about 5.6 percent against the U.S. dollar during the past 180 days as speculation mounts that the Bank of England will boost interest rates. During that period, the euro has risen roughly 3.9 percent and the greenback has dropped 0.2 percent.
Prince Charles convened with Carney last week at the prince's official residence, according to The Telegraph. The BOE chief is slated to deliver a lecture The Economic Club of New York on Monday.
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