FXStreet (Delhi) – Research Team at Investec, suggest that comments from Bank of England member, and hawk, Ian McCafferty were the highlights of yesterday’s London trading session.
Key Quotes
“The lone dissenter at the MPC highlighted the risks of the Bank of England being caught ‘behind the curve’ if they fail to raise interest rates early enough. He also highlighted he was not the only member concerned about the potential for a build-up of inflation pressures – a remark that helped the Pound re-test the 1.5500 level against the US Dollar.”
(Market News Provided by FXstreet)