View full page at forexfactory.com

 

Bank of England Back on Track After Scots Reject Split

From bloomberg.com

Bank of England officials can get back on track. With the U.K. surviving yesterday’s Scottish independence referendum, policy makers can set aside the prospect of volatility and focus on fundamentals. The decision removes a potential source of instability that would have scuppered Governor Mark Carney’s drive to safe guard the recovery and return emergency policy levels to normal settings. Officials, who kept the benchmark interest rate at a record low on Sept, 4, no longer have to consider the possible consequences of a split, such as a run on British banks or a slide in the pound. After counting through the night, ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News