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BOE’s Sentance: We will have to take value of GBP very seriously

By   || May 31, 2011 at 18:15 GMT
|| 11 comments || Add comment

Presumably he is talking about relative weakness against the euro and the inflationary impact that brings…

Sentance, who steps down soon from the MPC, also notes a big risk emerging that to the credibility of the Bank of England. He repeats that if rates are not hiked gradually now, they will have to be hiked sharply later, which will threaten growth.

There is more upside risk to inflation, Sentance says.

GBP is marginally above session lows, now at 1.6440 as month-end selling pressure abates.

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11 Responses to “BOE’s Sentance: We will have to take value of GBP very seriously”

  1. fawad ahmad on May 31st, 2011 19:38 GMT

    I WANT TO GET ALL DAY BRIEF AND RECOMMENDATION AND LATEST NEWS CONCERNING TRADING MARKET BEFORE OPEN AN ACCOUNT

  2. Jamie Coleman on May 31st, 2011 19:46 GMT

    Would you like fries with that?

  3. lilac on May 31st, 2011 19:52 GMT

    Ah you’ve added a dollop of extra sauce already ;)

  4. Bear on May 31st, 2011 20:02 GMT

    you forgot the coke, the sunday ,and the fortune cookies……

  5. twitter-fxi on May 31st, 2011 20:02 GMT

    Hahahahahaaaaaaa………….. 2 points for Jamie!

  6. Josephine on May 31st, 2011 20:03 GMT

    just get a practice account then…………..

  7. Gerry Davies on May 31st, 2011 20:07 GMT

    Hahahahaha, priceless. It’s at times like this I realise why you’re such a good mate

  8. lilac on May 31st, 2011 20:10 GMT

    You’ll regret that once you’ve slept on it Gezza ;)

  9. Gerry Davies on May 31st, 2011 20:16 GMT

    I’m already regretting it Lilac ;) just glad Fawad didn’t turn up on my shift :)

  10. Iva on May 31st, 2011 20:19 GMT

    Ah, thanks Jamie. Needed to hear that today, always reminds me of this. :D

    http://icanhascheezburger.files.wordpress.com/2008/08/funny-pictures-cat-asks-if-you-want-fries.jpg

  11. kathy on May 31st, 2011 22:17 GMT

    For free is that? Like we don’t get a heap here already. Good to have a laugh ;)

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