Bank of England (BoE) Governor Mark Carney's remarks last week on sterling's appreciation stirred up concerns about a prolonged period of disinflationary pressures and the prospect of weakening exports. In his speech last week, Governor Carney struck a dovish tone when he said "it may be appropriate to take into account persistent external deflationary forces arising from the combination of continued foreign low inflation and the protracted effects of sterling’s strength on the prices facing UK consumers if those forces were to intensify." Sterling's appreciation against the euro intensified after the European ... (full story)