Britain’s central bank has dropped a clear signal that borrowing costs will rise this year - possibly in MayGovernor impress Carney’s press conference - highlights start hereCarney: Rates won’t hit 5%Bank of England leaves rates on holdSays interest rates could rise faster than expectedPound jumps towards $1.40 4.41pm GMTOne Wall Street economist points to the earlier US jobless claims as a reason for the Wall Street slide:Catalyst for today’s sell off? Record low jobless claims effect upward pressure on interest rates which then effect downward pressure on #StockMarketToday. This vicious cycle will be broken whether either #inflation data are tame or #Fed #Powell #FOMC tell us low unemployment isn’t a worry 4.36pm GMTThe VIX volatility index is also higher, up around 6% at 29.41 although it is still well below the 50 level it reached earlier in the week.
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Source: guardian.co.uk