Pound Rises as Carney Says BOE Must Exit Unconventional Policy

The pound advanced against the dollar and the euro after Bank of England Governor-designate Mark Carney said the nation must exit its unconventional policy.

The pound advanced 0.5 percent against the dollar to $1.5732 at 10:10 a.m. London time and strengthened 0.3 percent to 86.13 pence per euro.

Carney made the comments in a written testimony to a panel of U.K. lawmakers.

To contact the reporter on this story: Emma Charlton in London at echarlton1@bloomberg.net

To contact the editor responsible for this story: Paul Dobson at pdobson2@bloomberg.net