Faster interest rate rises than anticipated?

[FabulousSophie]

The £ is now down to $1.275 since Mark Carney verbally trashed it last week. How low will it be allowed to fall before the BoE is forced to raise interest rates again?

Or just tell Carney to stop trash talking the pound... you don't hear Draghi trashing the Euro even though it is in much bigger trouble than the pound

Now Carney has trashed the £, the only thing he could really say to lift it is that interest rates may be going up faster than he expected last week.

They are still very low though - they have some way to go before we hit the giddy heights of the post ERM spike, and the days when I was delighted to get a fix at 10.8%!