US Market Update –BoE Chief Economist Haldane said he is ready to vote for a rate hike – notable as he voted to keep policy settings unchanged last week. His vote would bring the hawks in favour of hiking the repo rate by 25bp to four — which is half of the members on the Monetary Policy Committee. Sterling has bolted higher on this news. Cable logged a peak at 1.2704, well up on the intraday low of 1.2589. Haldane’s stance contrasts that of Governor Carney, who yesterday said that now is not the time to tighten policy.
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