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GBP/USD Up Modestly as Haldane Hints at Tapering
The outlook for GBP/USD has improved modestly after Bank of England Chief Economist Andy Haldane suggested Wednesday that the central bank might be closer to tapering its monetary stimulus program than thought previously. In a radio interview, Haldane said there were already some “pretty punchy pressures on prices”, adding that the UK central bank “could start tightening the tap on that, slowing down the amount of money we’re printing, and ultimately perhaps even starting to turn that around.” GBP/USD edged ahead on Haldane’s comments before easing back as traders realized that Haldane is due to leave the ... (full story)
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