Bank of England is lurching from one mistake to another

Bank of England is lurching from one mistake to another

Marc Ostwald, Strategist at ADMISI speaks to Matt Brown about how the fall out from this weeks rate hike and how out-of-step Mark Carney is with the markets. Removing the sentance "we believe that the rate trajectory is likely to be somewhat higher than the market expects" now leaves the pound open to greater market forces. This could mean a further sell off in the pound and a subsequent rise in inflation, which ultimately will put pressure on the Bank of England to raise rates.

Further Information 

You can see more from Marc Ostwald on Core by using this link: http://www.corelondon.tv/?s=marc+ostwald

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