Tuesday October 20, 2020

Pound falls to 2009 low as Bank of England boss dashes early rate-boost hopes

Britain’s currency had been climbing before Mark Carney's comments

19th January, 2016
Taking a pounding Pic: Getty

The pound fell to its lowest level since 2009 today after Bank of England Governor Mark Carney signalled that a boost to UK interest rates is still some way off.

Britain’s currency had been climbing before his comments, buoyed by a report showing inflation accelerated last month to the highest in almost a year.

But sterling reversed its gain versus the dollar, and fell against all but one of its 16 major peers, after...

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