Is the U.K. Bond Market Too Hot to Handle?

Bloomberg Video

October 17 -- For a central bank that doesn’t target the exchange rate, the Bank of England is spending a lot of time talking about it. A 6 percent drop this month alone has forced Governor Mark Carney and fellow policy makers to acknowledge they may be looking at a much faster pickup in inflation than anticipated. State Street Global Head Macro Strategy Michael Metcalfe discusses with Guy Johnson in London and Caroline Hyde in Berlin on "Bloomberg Markets: European Open."