Thursday, March 14, 2013

BoE's King says not seeking to push sterling down

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BoE's King says not seeking to push sterling down

LONDON (Reuters) – Bank of England Governor Mervyn King said on Thursday that he was not seeking a further depreciation in sterling, and that markets judged that the currency was at an appropriate level. “We’re certainly not looking to push sterling down,” King told ITV News in an interview. Sterling has fallen sharply since the start of the year, but King said this reflected a reversal of an appreciation in 2012

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BoE’s King says not seeking to push sterling down

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