FXstreet.com (Edinburgh) -The sterling is now struggling to keep the upper end of its intraday range after climbing near 1.5550 post-Carney’s speech, with the GBP/USD slowly creeping back to the proximities of 1.5500 the figure.
GBP/USD boosted by Carney
The pair rapidly climbed from the 1.5430 region to the proximity of 1.5560 after Carney’s tone was less dovish than expected, catching the markets off guard. “Carney acknowledges that financial markets are of the view that the recent good economic news flow suggests that the unemployment rate could fall more quickly than the BoE believes is probable. Consequently, markets are expecting interest …read more