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Friday 15 September 2017

Pound hits highest since Brexit vote on rate rise speech per BBC News - can you sense the clenched teeth

'The pound has hit its highest level against the dollar since the Brexit vote after a senior Bank of England official fuelled speculation it could raise rates in the coming months.

Gertjan Vlieghe, who has previously argued against a rate rise, said the "moment is approaching" when interest rates might need to go up.

The Bank kept rates at 0.25% this week, buthinted at a rise in the future.

Sterling rose more than 1% against the dollar to hit $1.3610.

That was its highest level since 24 June, the day after the Brexit vote.

The pound also gained more than 1% against the euro to rise above 1.13 euros.'

More clenched teeth reporting here http://www.bbc.co.uk/news/business-41278741

Poor BBC: FTSE at record levels, unemployment down, now Sterling above Brexit day fall, it really doesn't help their Brexit means economic doom and gloom agenda.

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