Regardless of this,
the outlook for sterling remains positive as we’ve seen a significant shift in stance from the Bank of England’s Mark Carney who, after his speech at Mansion House last week and more recently following the release of the MPC minutes, you could almost call a hawk. The BOE is paving the way for rate hikes to commence sooner than previously anticipated and despite their very questionable efforts to improve the flow of communication, they are clear that if it’s not before 2015 it will be very early on next year.