Sterling and gilt yields sag as BoE pushes back rate hike bets

Bank of England Governor Mark Carney arrives for an inflation report news conference at the Bank of England in London, Britain November 5, 2015. The Bank of England gave no sign that it was in any more of a hurry to raise interest rates on Thursday, predicting near-zero inflation would pick up only slowly even if borrowing costs stay on hold all of next year. REUTERS/Jonathan Brady/pool

“Mark Carney put some distance between the U.S. and UK outlooks today … but it was the downbeat inflation report that left the pound nursing 1 percent losses as growth and inflation forecasts were downgraded,” said FX broker Foenix Partners managing director Richard de Meo.

Richard de Meo quoted in the Daily Mail

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