Fx
FCA 'looking into' sterling rise before BoE rate announcement
The Financial Conduct Authority said on Friday that it is looking into the surge in sterling that took place just seconds before the Bank of England’s interest rate announcement on Thursday.
FX round-up: Wuhan virus and rate cut speculation weigh on sterling
Sterling was trading on the back foot at the end of the week amid a risk-off environment as investors took stock of the new China coronavirus and the impact that it might have on that economy, and positioned themselves ahead of the central bank meetings in the UK and US that were scheduled for over the week ahead.
BoE's Saunders reiterates call for rate cut
Bank of England policymaker Michael Saunders reiterated his call for an interest rate cut on Wednesday as he said the UK economy has remained "sluggish".
Sterling loses ground as BoE's Vlieghe hints at rate cut
Sterling was under pressure on Monday after Bank of England policymaker Gertjan Vlieghe suggested that he would vote for an interest rate cut this month.
Pound retreats on dovish Carney speech
Sterling lost ground on Thursday after outgoing Bank of England governor Mark Carney struck a dovish tone in a speech at an event on inflation targeting, suggesting that the central bank could cut interest rates soon.