Summary
STERLING yesterday fell through the dollars-1.80 mark to its weakest level this month, after Stephen Nickell became the latest member of the Bank of England's monetary policy committee to fuel hopes of further cuts in UK interest rates.
Nickell's dovish noises came hard on the heels of hints last week from fellow external MPC members Richard Lambert and David Walton that above-target inflation would not stand in the way of further rate cuts if these were considered necessary.See the full content of this document
Extract
More Dovish Comments Fuel Rate Cut Hopes
Nickell told the Financial Times of his belief that there was a "serious risk" that the growth rate would not pick up along the lines assu...
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