Pound Tumbles After Carney Warns Its Strength Threatens Recovery

  • Officials cite sterling robustness as weighing on inflation
  • Yield on U.K. two-year gilt tumbles from one-year high

BOE Trims Growth and Inflation Forecasts

After a week of growing U.K. interest-rate expectations, Bank of England Governor Mark Carney poured cold water on the pound, sending it down by the most since August versus the dollar.

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