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 http://feedproxy.google.com/~r/ForexCrunch/~3/BbQ8K69XvUo/

from Online Forex Trading Resource
View thesource article here

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