11
February
Pound hit by downbeat Bank forecast
11 February 2010 The Financial Times
Sterling gave up early gains on Wednesday after the Bank of England’s quarterly inflation report painted a gloomy picture of the UK economy.
The pound fell after the Bank cut its forecast for economic growth and said inflation would undershoot its 2 per cent target significantly if interest rates rose as fast as markets were predicting.
http://www.ft.com/cms/s/0/9e63705c-162b-11df-8d0f-00144feab49a.html
