PIMCO: incoming BoE governor may devalue pound

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The incoming governor of the Bank of England (BoE) may introduce more quantitative easing and attempt to devalue the pound, the world's biggest bond fund manager predicted yesterday.

In his report, UK Secular Outlook - Morphing into the Carney Era, PIMCO head of sterling portfolios Mike Amey suggested the BoE could make it a priority to devalue the pound to help British exporters to...

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