Weak sterling could offset oil and wages on inflation - BoE's Weale

Sterling's fall could offset the drag on inflation that will come from the latest plunge in oil prices and weak wage growth, a Bank of England interest-rate setter was quoted as saying on Thursday. Martin Weale, one of the nine members of the BoE's Monetary Policy Committee, told Bloomberg News in an interview that he would not want to hold off on voting for a rate hike until he was "absolutely clear" that it was the right decision. Weale voted to raise rates in late 2014 but has held off since