BOE’s Sentance: Has been improvement in business situation, more than normal amount of uncertainty
- Need to start process of moving interest rates up from extremely low level
Cable sits at 1.5240 having been to session high 1.5258 earlier.
Obviously Sentance is the guy who voted for a rate hike at the last MPC meet. Just gotta hope the other members don’t follow his lead. Tighter monetary policy combining with the austere budget measures doesn’t bear thinking about.

AUTOREFRESH 













http://www.telegraph.co.uk/finance/economics/7888007/Bank-of-England-hawk-Andrew-Sentance-wants-gradual-rise-in-UK-interest-rates.html