LONDON, June 19 (Reuters) - The pound hit a 10-month high versus the euro on Monday as investors waited for British inflation data and a Bank of England decision later in the week.
The pound was down 0.13% against the dollar at $1.281, not far below the 14-month high of $1.285 touched on Friday.
Goldman Sachs said that, according to its trade-weighted measure of sterling, the pound is at its highest since mid-2016, just after the Brexit referendum.
Reuters GraphicsThe latest British inflation data is due out on Wednesday.
According to pricing in derivatives markets, traders expect rates to peak at around 5.8% in early 2024 as the BoE battles inflation.
Persons:
Sterling, Goldman Sachs, Pushkar Jha, BoE, Harry Robertson, Susan Fenton
Organizations:
Bank of England, Goldman, " Bank of America, Barclays, Reuters, Thomson
Locations:
Britain, United States, Europe