Carney: Pound acting like emerging market currency
Brexit taking its toll on sterling
Bank of England governor Mark Carney. Photo: Jin Lee/Bloomberg/Bank of England/Flickr CC BY-ND 2.0
Brexit-related volatility has caused the pound to act like an emerging market currency, Bank of England governor Mark Carney said in a speech in New York on Tuesday.
Sterling has swung throughout recent Parliamentary debates, making it a string barometer of the UK's exit from the European Union. In the past month alone, the UK's currency has risen from $1.2060 up...
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