Pound Gains as BOE Rate-Cut Bets Fade on U.K. Construction Data
- Money markets now see central bank cutting rates in 2021
- Currency still pressured by risks over Brexit trade talks
A crane stands over a residential apartment block under construction in London.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
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The pound erased losses after traders pushed back bets for a Bank of England interest-rate cut to next year following better-than-expected U.K. construction data.