IFA: Carney's 'forward guidance' could devalue pound by 15%

DeVere Group chief executive Nigel Green warned that expat pensioners could suffer particularly hard should the pound see a further devaluation in the coming weeks. Green said that he expected the governor to pursue a policy of 'forward guidance' - a way of providing greater certainty to lenders that rates will remain low for a minimum length of time. Green said: "We expect the incoming Bank of England governor to devalue the pound by up to 15%. This would be another devastating blow for Britons overseas who live on a fixed sterling income. "Many of these British retirees have, thr...