Chief Economist Haldane to resign after June meeting

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The Bank of England (MPC) announced on Tuesday that the chief economist Andy Haldane resign his position and resign the Monetary Policy Committee (MPC) after the June meeting, according to Reuters reported.

“Andy Haldane will become the executive director of the Royal Society for Arts, Manufactures and Commerce,” added the BoE.

Market reaction

The pound sterling it weakened modestly against its main rivals after this headline. At time of writing, the GBP / USD pair is trading at 1.3707, shedding 0.25% on the day.

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