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Bank of England dove echoes rate hike message, sterling jumps

Reuters  |  LONDON 

By David Milliken and William SchombergLONDON (Reuters) - The prospect of British interest rates rising for the first time in 10 years grew on Friday when a Bank of England policymaker who had been its strongest advocate of ultra-low borrowing costs said rates might need to rise in the coming months.The comments by Gertjan Vlieghe largely echoed the BoE's message a day earlier, when it surprised investors by suggesting it could raise rates as soon as at its next meeting, in November.But coming from Vlieghe, they prompted investors to pile on bets on a rate hike, despite several false starts ...

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First Published: Fri, September 15 2017. 17:43 IST