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LONDON, Sept 11 - The pound rose on Monday, taking advantage of a hefty decline in the dollar against the Japanese yen that spilled into other currencies.
Sterling was last up 0.4% against the dollar at $1.2521. Against the euro , the pound put in a slightly less robust performance, rising by 0.2% to 85.70 pence. The Bank of England meets next week to discuss monetary policy. Traders are attaching a 70% chance of a quarter-point rise in the Bank Rate to 5.50%. But they have slashed the chances of another rate rise after that, marking a sharp turnaround from just a week ago, when money markets showed UK rates were expected to peak at closer to 5.7% by March.
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