- Here's a good one: Brexit is crimping capacity in the U.K., says Bank of England Governor Mark Carney, meaning economic growth is more likely to lead to inflation, thus boosting the case for rate hikes.
- A year ago, the surprise Brexit vote had the Bank quickly pushing into place emergency stimulus measures.
- Thoroughly confused at this point, forex traders are selling cable, with the pound now lower by 0.5% vs. the dollar at $1.3513 (though this is coming after more than a 5% gain over the past three weeks).
- The FTSE 100 is up 0.35%.
- ETFs: FXB, EWU, GBB, DBUK, FKU, EWUS, DXPS, HEWU, QGBR
- Now read: Best Currency Positions For August 2017
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BOE's Carney reiterates case for rate rise; pound tumbles
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Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
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