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Flash: Carney impact limited on GBP/USD - BTMU

FXstreet.com (Barcelona) – Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ notes that BoE Governor Carney’s much anticipated first speech yesterday has had only a limited impact upon the pound and UK short rates.

Key Quotes

“Governor Carney took the opportunity to reassure households and businesses that the Bank rate is likely to remain low in the coming years emphasizing that interest rates on 70% of loans to households and more than 50% of loans to businesses are linked to the Bank rate.”

“However, he did not specifically attempt to talk down UK short rates although did …read more