BoE minutes echo Carney's warning on imminent rate hike


"The relatively low probability attached to a bank rate increase this year implied by some financial market prices [is] somewhat surprising," says the Bank of England in the minutes to its early June policy meeting.

That meeting took place just before Governor Mark Carney's speech at which he began prepping markets for a rate hike before the end of the year.

The news being priced in already, cable is steady at $1.6950 and the FTSE is ahead by 0.4%.

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