Comment on Pound jumps on Carney remarks about timing of rate hike

Pound jumps on Carney remarks about timing of rate hike

The pound's value against the U.S. dollar jumped after the Bank of England governor, Mark Carney, said in remarks prepared for a conference in Sintra, Portugal that as the economy improves the central bank would be less tolerant of above-target inflation. The pound has sagged since Britain's decision to leave the European Union, boosting inflation by raising import prices.

 

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