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Sterling surges to highest in a year on Bank of England rate hike warning

Britain's blue-chip FTSE 100 share index fell sharply after the BoE warning

Reuters  |  London 

Sterling jumped after the Bank of England warned it could raise interest rates for the first time in a decade in the coming months while the dollar rose after above-forecast inflation data that could allow the Federal Reserve to hike for a third time this year. Wall Street was set to open lower, index futures showed after the inflation data. Earlier, weak Chinese data had weighed on European and Asian shares and pulled an MSCI measure of world stock prices down from record highs hit on Wednesday. Britain's blue-chip FTSE 100 share index fell sharply after the BoE warning, ...

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First Published: Thu, September 14 2017. 20:41 IST
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