Carney fails to convince markets

Aug 14, 2013 : The forward guidance from Bank of England governor Mark Carney had its first test on Wednesday, with stronger jobs figures and revelations that one policymaker opposed details of the guidance. The reaction: higher gilt yields and a stronger pound. James Mackintosh, investment editor, says that the response shows investors will need a lot more convincing that a strengthening economy won't lead to tighter money.
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