Economics
Vlieghe Revives Pound Gains With Hint at Early BOE Rate Hike
- Vlieghe sees possibility of BOE raising rates early next year
- But he said scenario depends on highly-uncertain labor market
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The Bank of England could raise interest rates early next year if the labor market recovers smoothly after the end of the furlough program, according to policy maker Gertjan Vlieghe. The pound jumped.