GBP/USD up more than 150 pips
Cable rose to a session high in a broad round of US dollar weakness but higher wage inflation and hawkish comments from Carney are responsible for the bulk of the gains.
At last trade the pair was at 1.5502, up 161 pips.
Technically, the gains sprung from the July low and slap a big bullish engulfing candle on the chart. We've broken through the 50% retracement of the Aug fall now and are approaching the 100-day moving average at 1.5519.
