BOE casts doubt on U.K. recovery

|By:, SA News Editor

Cable wobbles just a bit after BOE minutes reveal members' concern about the sustainability of a strong economic recovery in the U.K.

"Overall, the balance of risks was judged to be on the downside ... there were uncertainties over the durability of the recovery."

Off slightly from recent highs, the pound is now buying $1.6162. Four months ago it was at just $1.48, but has been boosted by some unexpectedly robust economic numbers and an unexpectedly hawkish new BOE chief, Mark Carney.