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Pound near 7-year highs on BOE inflation report

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Sterling rose towards seven-year highs and gilt yields surged on Thursday after a Bank of England (BOE) quarterly report said inflation would return to its target of 2 per cent in two years' time, keeping alive expectations of a first rate hike in early 2016.

London

STERLING rose towards seven-year highs and gilt yields surged on Thursday after a Bank of England (BOE) quarterly report said inflation would return to its target of 2 per cent in two years' time, keeping alive expectations of a first rate hike in early 2016.

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