Sterling strength a bit of dampener on growth – BOE’s Carney

FXStreet (Mumbai) - The Bank of England (BOE) governor Mark Carney was on BBC radio on Thursday, saying that the weak UK productivity,one of the fallouts of financial crisis, will pick up modestly.

Carney also said the next move at the BOE is likely to be an interest rate hike. Carney expressed a possibility of higher interest rates in a year's time. At the same time, Carney said the strength in the Pound is acting as a bit of a dampener on the UK economic growth.