Dovish Carney comments hit cable

|By:, SA News Editor

“Demand from the U.K.’s traditional markets such as Europe is a staggering 25 percent below a continuation of its pre-crisis trend,” says Bank of England Governor Mark Carney, also suggesting interest-rate hikes - when they do begin - will be more gradual than typical thanks to the challenges still facing the recovery.

Also mentioned in the speech as an impediment is the strong pound, and his words sent sterling lower by about 60 pips, now off 0.15% on the session at $1.7037.

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