A bus passes the Bank of England in London, Britain, April 9, 2018. REUTERS/Hannah McKay/File Photo
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The pound fell Friday after Bank of England Governor Mark Carney shook the market's confidence in an interest rate increase next month, dealers said.Markets had been widely pricing in a quarter-point interest rate hike in May, to 0.75 percent, amid a pick-up in U.K. wage growth, but British economic data this week, including a sharp drop in retail sales, had started to dampen those expectations.The London stock market's FTSE 100 index gained as the pound's weakness boosted share prices of multinationals listed in London which derive much of their earnings in dollars.Japan's Takeda has offered £42 billion ($60 billion, 48 billion euros) for Shire.Frankfurt -- DAX 30: DOWN 0.2 percent at 12,543.75Euro/dollar: DOWN at $1.2282 from $1.2346 at 2100 GMTPound/dollar: DOWN at $1.4028 from $1.4087
FOLLOW THIS ARTICLE