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