Pound Advances on Report Carney Sees No Need for More Stimulus The pound advanced, approaching the highest level versus the dollar in eight months, after Bank of England Governor Mark Carney told a U.K. newspaper he sees no case for further stimulus. Sterling strengthened versus all of its 16 major peers as data showed a gauge of U.K. consumer confidence rose to the highest in almost six years in September. GfK NOP Ltd.’s consumer-sentiment index to minus 10 this month, the highest since November 2007, from minus 13 in August, the London-based group said today. Carney told the Yorkshire Post the central bank would consider expanding its asset-purchase target should the economic recovery falter.
Posted on: Fri, 27 Sep 2013 07:44:37 +0000
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