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Pound adds to gain as Carney talks rate hikes

Published 09/14/2017, 11:23 AM
© Reuters.  Pound adds to gain as Carney talks rate hikes
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  • Speaking to the press following the Bank of England's policy meeting this morning (no change to rates, but a hawkish statement), Governor Mark Carney says rates may need to go higher in coming months.
  • The weak pound (NYSEARCA:FXB), he says, is helping to boost the inflation rate. This just in: Since bottoming at about $1.19 late last year, the pound has moved in a straight line higher to the current $1.3380 (up 1.3% today) - that's stronger than its pre-Brexit vote level.
  • The FTSE today is lower by 1%.
  • ETFs: EWU, DBUK, FKU, EWUS, DXPS, HEWU, QGBR
  • Previously: Bank of England on hold; pound rallies on hint of future rate boost (Sept. 14)
  • Now read: Watch Sterling, It Could Fly On BoE Decision


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