BOE member lays ground for rate hikes

|By:, SA News Editor

Households should prepare themselves for a likely increase in interest rates "next spring," Bank of England MPC member Martin Weale tells Ed Conway (Conway promises the rest of the story later this morning).

Off nicely earlier, cable (FXB) is back to flat on session at $1.6677, and continues a big bull run begun last summer as tighter monetary policy began to be priced in.

U.K. ETFs: EWU, EWUS, FKU, DXPS, DBUK, FXB, GBB