Sterling rebounded on Wednesday from a three-week low as a survey of Britain’s dominant services sector showed growth sped up unexpectedly last month, raising expectations the Bank of England will hike interest rates in November. Futures markets expect almost two rate increases over the next one year, a sharp turnaround from recent months after the Bank of England struck an optimistic note about the outlook for the British economy. Rates have been unchanged since 2009. A senior currency strategist at a European bank in London expects the outlook for interest rates to be a key driver for sterling in the coming months ... (full story)