Weale Says U.K. Exporters May See More Benefit From Pound

Feb. 16 (Bloomberg) -- Bank of England policy maker Martin Weale said that the full effects of the pound’s drop that started in 2007 may not have fed through, and exporters may be in line for further benefits.

* “It may be that high levels of uncertainty and a reluctance

to take on new risks have stood in the way of exporters

seeking new markets and domestic producers doing what is

needed to displace imports,” Weale said in a speech at the

Warwick Economics Summit today in Coventry, England.

“Provided the calmer atmosphere we have seen since the

summer is sustained, we may see further benefits of the

depreciation.”

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