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Haldane's comments ran contrary to those of Governor Mark Carney, who had driven the pound lower on Tuesday by saying "now was not the time" to begin to raise rates. Haldane's comments ran contrary to those of Governor Mark Carney, who drove the pound lower on Tuesday by saying "now was not the time" to begin to raise interest rates and sparked a surge in bets on a rise in rates within the next year.
Short sterling contracts for December of this year reversed all of their gains since Carney's speech, pricing in a greater than 50 percent chance of the Bank raising rates by then. Markets close in 6 hrs 7 mins.
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