Pound Strengthens as BOE Keeps Stimulus on Hold – Bloomberg 06-09-12

Predictions:

Bank of Tokyo-Mitsubishi UFJ Lee Hardman expects the Bank of England will have to ease more, which will weaken the pound to under $1.50 in the next couple of months.

Economists expect data next week to show the U.K. economy is slowing.

Read the full article at http://www.bloomberg.com/news/2012-06-09/pound-strengthens-as-boe-keeps-stimulus-on-hold-gilts-decline.html