Carney carnage: GBP/USD falls on rejection of rate rises

Mark Carney said that this is not the time to raise rates. He contradicts three of his peers in the MPC that voted for raising the rates in the most recent rate decision.

GBP/USD dropped sharply, some 70 pips and trades at 1.2675. Cable’s post-election low is 1.2640.

— more coming

Get the 5 most predictable currency pairs[1]

from Forex Crunch

from Online Forex Trading Resource
View thesource article here


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s