Bank of England Governor Mark Carney says inversion of US and UK yield curves should not be read as a positive sign for the global economic outlook. Carney says sterling volatility has hit "emerging-market levels," with the currency falling to less than $1.20 this month after rallying to $1.32 in May.
Carney sees warning sign in US, UK yield-curve inversion
Sign up for CPA Letter Daily
The latest CPA news
Get the intelligence you need: news and information that is changing your industry today, hand-curated by our professional editors from thousands of sources and delivered straight to your inbox.