Sterling rose to its highest level
during trading on Monday after one policymaker said the Bank of England Will
Martin he was not sure if he would support the bank's interest rate cut in the
central bank's meeting for the month of August / August.
GBP / USD has risen by 0.64% to
1.3265, after coming to a price of $ 1.3130 hit on Friday.
Lowell said he needed to see more
established the effect of the UK vote to leave the EU supporting evidence
before cutting interest rates at a meeting next month.
"He said the suit refers to the uncertainty that we have to wait for
firmer evidence before making any change in monetary policy.
"In contrast to the experience in 2008, it does not have consumers or
businesses fear, and also noted, there have been no tangible signs of a panic
of the financial situation."
It came the comments he made during a
speech in London, in contrast to the point of most other policy-makers at the
central bank's point of view.
And it gave the Fed meeting last week
for the month of July a clear indicator that the bank will conduct monetary
policy easing next month to counter the negative economic shocks resulting from
Britain out of the European Union.
The Bank of England kept interest
rates unchanged at 0.5% in a surprise decision.
Chief Economist Andrew Haldane said
the Bank of England on Friday that the bank needs to act "expeditiously,
as well as for efforts to support the economy and boost confidence.
But monetary easing may not
necessarily include a lower interest rate. The Bank of England may choose that
the new procedures to strengthen the quantitative easing and encourage lending.
The pound was also higher against the
euro and the yen, with EUR / GBP shedding 0.39% to hit 0.8333 and GBP / JPY up
1.23% to hit 140.18.
The yen fell the traditional safe
haven broadly on Monday after control in Turkey on the failed coup attempt on
Friday.
It was initially buy safe assets by
investors against the backdrop of reports of the coup, while those deals fell
significantly on Monday.
And decline in the dollar index, which
measures the dollar's strength against a basket of six major currencies, was up
0.14% to hit 96.56.
Forqs- Pound rises after Will Martin's
statements about an interest rate hik
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