Pound Rises as Miles Says U.K. Economy Will Improve – Bloomberg 01-29-13

Salient to Investors:

Bank of England policy maker David Miles said UK growth will rise to 2 to 2.5 percent a year within 18 months without a substantial increase in inflation. MIles expects the cruising speed of the economy to return to the long-run average 2-2.5 per cent.

Jane Foley at Rabobank Intl said Miles was the only Committee member to vote for increased stimulus this month, so the market sees his comments as hawkish.

Read the full article at http://www.bloomberg.com/news/2013-01-29/pound-weakens-third-day-on-carney-comments.html

 

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