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Carney speech dents GBP

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 26, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    Yesterday saw BoE Governor, Mark Carney, speak before the Treasury Select Committee where he was seen to state that the currently low level of inflation is related to the depressed oil prices we’ve seen this year. This did contribute towards a drop for GBP to 1.4112 against EUR, and we even saw the BoE’s Chief Economist state that there might even be a cut in the interest rate because of weak inflation and global economic conditions. With GBP having made big gains against the commodity

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