The Bank of England (MPC) announced on Tuesday that Chief Economist Andy Haldane will quit his position and step down from the Monetary Policy Committee (MPC) after June's meeting, as reported by Reuters.
"Andy Haldane will become the Chief Executive of the Royal Society for Arts, Manufactures and Commerce," the BoE further added.
The British pound weakened modestly against its major rivals after this headline. As of writing, the GBP/USD pair was trading at 1.3707, losing 0.25% on a daily basis.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.