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Sterling Back To Center-Stage

Sterling Back To Center-Stage

4 Years ago | October 30, 2016 00:00:00

John M. Bland, MBA

U.K. Developments
Developments in the U.K. have continued to dominate trade in the latest week. A major event was House of Lords Economic Committee testimony Tuesday by Bank of England Governor Carney, who did not send the signal for a rate cut that many in the markets had been hoping for. His comments implied that an early rate cut is improbable in light of the GBP slide after the Brexit vote. He said there were limits to the central bank's ability to overlook the effect of the steep slide, about 18% since

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