The Financial Times has reported that Osborne's 20 March budget will see Carney handed new powers. These could include reviewing the two per cent inflation target, perhaps looking at a dual-mandate system as in operation at the US Federal Reserve.
Citi says traders are selling sterling on the back of the FT reporting that Osborne to hand Carney more powers(No flies on Citi traders)— Steve Collins (@TradeDesk_Steve) March 7, 2013
The pound against sterling this morning:
(Source: Yahoo! Finance)