Volatility in the market - Cable on the go !

·         Bank of England Governor Mark Carney said in his speech that “With many of the conditions for the economy to normalize now met, the point at which interest rates also begin to normalize is getting closer. In recent months the judgment about precisely when to raise bank rate has become more balanced”

·         He also added that relative to the recent past, the economic outlook is much improved. He repeated the notion that rate increase depend on data and that these increases will be gradual and limited.

·         Another important point in his comments is that “there is always uncertainty about the future, you can expect interest rates to begin to increase”