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 BoE official warns sterling could fall lower

Michael Saunders, the newest member of the Bank of England’s MPC, has warned that the pound"s dramatic fall may not be over. “Given the scale and persistence of the UK"s current account deficit, I would not be surprised if sterling falls further, but I am fairly agnostic as to whether any further depreciation is likely,” Mr Saunders told MPs on the Treasury Select Committee in a written submission yesterday. Source: The Daily Telegraph (12/10/2016)

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