23.06.201406:33:20UTC+00Canadian dollar climbs; pound firms

The Canadian dollar ascended around 0.3% in Asia, reaching a 5 ½-month peak, at about C$1.0725 per US dollar.

On Friday, the currency profited following Canada’s annual inflation rate touched a 27-month high of 2.3% in May, which was above Bank of Canada’s target and escalated doubt the central bank’s accommodative policy stance.

Meanwhile, the British pound was robust, trading at $1.7018, up 0.1% from last week, on anticipations the Bank of England might increase interest rates before the year ends.

The pound settled at almost 5-1/2 year high of $1.7064 touched on Thursday.