Pound falling being blamed on old McCafferty story

Reuters have picked up on a story from Bank of England's Ian McCafferty who said that rates could "potentially" turn negative

Eamonn had the story in his session so it's a bit of a stretch for the market to tie the fall we've seen this morning to that.

Of course, it could have slipped the market's attention, and his comments are a bit stronger on the risks to the UK economy than they have been of late in other appearances he's made over the last couple of days.

The story is ungated on the link above

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