Stronger pound has pushed down UK inflation rate, says BoE's Forbes
MPC member says 14.5% appreciation will have powerful effects
Exchange rate movements usually impact the wider economy with a lag, suggesting the pound's 14.5% appreciation between March 2013 and July 2014 will have powerful effects over the coming quarters, Kristin Forbes, a member of the Bank of England's monetary policy committee said yesterday in London.
Speaking at an event organised by 100 Women in Hedge Funds at the Canada Imperial Bank of Commerce, Forbes said the stronger exchange rate had likely contributed to the FTSE's underperformance relative
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