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Pound pares losses after BOE's deputy governor sees rate hikes possible


Friday, 18 October 2019 15:12 WIB

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The British pound was lower Friday, but losses were contained after interest-rate supportive comments from Bank of England Deputy Governor Dave Ramsden. In an interview with Bloomberg that published Friday, Ramsden said if Prime Minister Boris Johnson's Brexit deal is approved by Parliament on Saturday, the central bank's guidance that says a clean exit from the EU means "limited and gradual" interest-rate hikes would apply.

The pound surged Thursday on news that the EU and U.K. had agreed on a framework for a Brexit deal, but came off those gains. The pound last traded at $1.2866, off 0.2% against the dollar from a late-Thursday level of $1.2890 in North America.

Source: Marketwatch


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