Pound at 14-month high on rate rise signal
The Brexit-battered pound hit a 14-month high against the dollar on Friday as a Bank of England policymaker reiterated the possibility of a looming interest rate rise.Gertjan Vlieghe supported the view, expressed by a majority of the nine-member monetary policy committee (MPC) at Thursday's meeting, that rates could rise in the "coming months" to help keep a lid on inflation should it continue to grow as expected.In a speech to a conference in London, the economist said: "There remains a risk that, at some stage, the uncertainty surrounding the Brexit process has a larger impact on the economy than we have seen so far."If that happens, monetary policy would respond appropriately.But for now, it seems the net effect of the many underlying forces acting on the UK economy is that slack iscont...