"The economic outlook has deteriorated and some monetary policy easing will likely be required over the summer," Carney said. Tigress Financial Partners analyst Philip Van Deusen told Reuters he expected the offer price to increase, given the rise in Hershey shares. "The comments clearly signal that the Bank of England has decided to loosen monetary policy to support growth," Lee Hardman, a currency strategist at Bank of Tokyo-Mitsubishi UFJ in London, told Bloomberg. Shares of Hershey jumped, trading 15.2 percent higher at US$111.87 as of 12.27pm in New York. By Margreet DietzWorld shares rose again overnight, while the British pound weakened, as Bank of England Governor Mark Carney signalled the central bank will likely ease monetary policy in the coming months to offset the impact of the UK's decision to leave the European Union.

Source: New Zealand Herald June 30, 2016 19:07 UTC