Interest rates will go up quicker than anyone expects, ex Bank of England officials warn

Interest rates will have to rise earlier and more sharply than expected to keep inflation under control, two former Bank of England policymakers have warned.

All I can say is heaven help us if they start to tighten before recovery is properly in place.

Cable sits at 1.5930, where it started the day. Sell stops seen through 1.5880. Technical resistance of note remains at 1.5968, stops through 1.5970. Decent sell orders 1.5990/00, protecting 1.6000 barrier option interest. Guess they’ll be more stops not far north of 1.6000, although haven’t as yet got confirmation of any level/s.