• News Desk

DOLLAR CLIMBS TO 11-WEEK PEAK ON RATE HIKE BETS; POUND SLIDES


The dollar hit an 11-week high on Tuesday as investors increased bets that the Federal Reserve would raise interest rates in December following a round of generally solid U.S. economic data over the last few weeks.Sterling continued its downward trek following a "flash crash" event last Friday, with investors concerned about the impact of a "hard exit" by Britain from the European Union. Over the past week, the British pound has lost more than four percent of its value against the dollar.

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#BREAKINGNEWS #Dollar #Pound #High #USEconomicRate

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