Sunday February 23, 2020

Bank of England: we're not trying to push pound down

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.

15th March, 2013
"The markets determine the level of exchange rate, not us."

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...

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