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November 2015

The Proud Pounds Falls on BOE Comments

Published: Tuesday 24 November 2015

The pound has fallen today on mixed comments from Bank of England (BOE) Officials. The next move for the Bank is still almost certainly an interest rate hike, but the timing of the hike is still under question. BOE’s Haldane believes there is evidence that wage growth is slowing and the Governor himself Mark Carney is insistent that the UK is likely to remain in a low interest rate environment for some time. Not least, to encourage consumption to try and spur some growth in the economy. Although there are no fresh developments here the pound is so far down 0.5% across the board.