BoE's King cool on soaraway sterling

Mervyn King, governor of the Bank of England, seemed unperturbed by the recent surge in the value of the pound relative to the dollar.

He acknowledged that the falling dollar and rising pound made it "much more difficult" for UK companies to export goods across the Atlantic. But King told parliament's treasury select committee on Thursday that the overall export market was "pretty stable" because the pound was broadly unchanged against the euro and other currencies.

On 30 November, there was a

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