Pound Bulls Unfazed by Carney’s Tone Say Rally Isn’t Over

Pound bulls still have reason to be optimistic following the Bank of England’s attempts to temper interest-rate expectations, according to firms from Bank of New York Mellon to Mizuho Bank Ltd.

While the currency tumbled after yesterday’s quarterly BOE Inflation Report pushed back forecasts of when borrowing costs will increase, strategists said the strong U.K. economy will underpin sterling. The pound remains less than 3 cents from the almost five-year high versus the dollar reached last week.