Nothing really new but the bulls will be pleased with the re-affirmation
MPC member Shafik answering a question at the BOE presser
GBPUSD up to 1.5668
- Carney says GBP has moved a lot in the past year
But refuses the audience a look at his trading pad!
- sceptical that we will see secular stagnation but jury still out
And with that the presser concludes
GBPUSD 1.5663 EURGBP 0.7167 as the pound finds a few buyers on the dip.
I'm looking for a hold above 1.5625-30 for this latest strength to consolidate but a break below should see more of a correction into 1.5600 then 1.5560