The U.S. Federal Reserve and the European Central Bank have sounded more dovish after trade tensions grew between the United States and China, but the BoE has kept the door open for tighter policy. Governor Mark Carney told investors last month that they were wrong to price in just one BoE rate rise over the next three years. While Britain’s economy is shrouded in uncertainty about Brexit, data on Tuesday showed that wages are growing strongly, raising the prospect of inflation pressure ahead. But financial markets think the BoE is more likely to cut rates than to raise them over the coming year, given the risk of a ... (full story)