KQV AM 1410

Apr 20, 6:40 AM EDT

UK pound drops as central bank chief tempers rate hike talk

Photo Gallery
Animal census at the London Zoo
Latest News from Britain
No surprise: Charles to succeed queen as Commonwealth head

The Latest: Commonwealth chooses Prince Charles as next head

UK lawmakers form group to combat 'malign' Russian influence

UK pound drops as central bank chief tempers rate hike talk

Police: 2 die in light airplane crash in Northern Ireland

UK mulls plan to ban plastic straws and cut waste

A district summary of the Beige Book
Measuring economic stress by county nationwide
Mall malaise: shoppers browse, but don't buy
Unemployment by the numbers
Family struggles with father's unemployment
Saying an affordable goodbye
Hard times hit small car dealer
Latest Economic News
Board votes to double tuition at Puerto Rico university

UK pound drops as central bank chief tempers rate hike talk

UK inflation in surprise fall, raises doubts over rate hike

IMF: A major trade rift could imperil solid global economy

IMF: Outlook is bright for US and global economies this year

Trade fears weigh on outlook in export champ Germany

China's economic growth holds steady amid trade dispute

US retail sales rebounded a solid 0.6 pct. in March

ADB raises Asia growth outlook, warns of trade tension risks

Iran seeks to pin rial to the dollar as it hits record low

Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt

LONDON (AP) -- The British pound is falling from post-Brexit highs after the Bank of England's governor tempered market expectations of another interest rate hike next month.

In comments to the BBC on Thursday, Mark Carney noted some recent soft economic data, and reiterated that any interest rate rises would be gradual.

He said: "I don't want to get too focused on the precise timing - it is more about the general path."

For investors, that was a clear hint that a quarter-point rate increase to 0.75 percent at the next policy meeting on May 10 may not be guaranteed. The pound, which this week was close to the $1.44 level for the first time since the June 2016 Brexit, is down 0.2 percent Friday at $1.4065.

© 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.