Carney: Pound acting like emerging market currency

Sterling has swung throughout recent Parliamentary debates, making it a string barometer of the UK's exit from the European Union. In the past month alone, the UK's currency has risen from $1.2060 up to $1.2290, then back down to $1.2060 - at one point hitting a 34-year low. It has recovered in recent days to trade at $1.2354, a seven-week high. Carney (pictured) said: "Sterling volatility, as you would know, is at emerging market levels and has decoupled from other advanced economy pairs for obvious reasons. "A variety of other indicators show financial markets are going to ...