- "For the first time in a long time it seems reasonable to expect the hopes and dreams of the holiday season to be fulfilled," says Bank of England Governor Mark Carney in a NY speech. "The Ghost of Christmas Present is a cheerful spirit. As uncertainty diminishes, credit conditions improve and balance sheet repair progresses, monetary policy is gaining traction."
- Not buying the "secular stagnation" thesis of many, Carney says there's little reason to believe developed economies can't recover to past growth rates.
- The pound continues to head higher, now up a whopping 16 handles since Carney took the BOE reins in July and has been unexpectedly hawkish since.
- Cable is buying $1.6406 at the moment. Above $1.70 would take it back to summer-2008 levels.
- U.K. and pound ETFs: FXB, EWU, GBB, EWUS, FKU, DXPS, DBUK
Carney bullish on U.K. and global growth
Dec 9 2013, 13:21 ET