Bank of England's Monetary Policy Committee member Martin Weale: the strong pound weighed in inflation in the U.K.

Market news

23 February 2016

Bank of England's Monetary Policy Committee member Martin Weale: the strong pound weighed in inflation in the U.K.

The Bank of England's (BoE) Monetary Policy Committee (MPC) member Martin Weale said on Tuesday that the strong pound weighed in inflation in the U.K.

"The fall of the exchange rate does weaken one of the factors holding inflation down. In that sense, it's good news," he commented on the recent drop in the pound.

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