Bank of England Governor Mervyn King said policy makers aren’t trying to talk down the pound while acknowledging that its drop since before the financial crisis has helped exports.
"The markets determine the level of exchange rate, not us," King said in an interview with ITV News, according to a transcript of his remarks. “We’re certainly not looking to push sterling down.”
The pound has fallen about five percent...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team