Carney wasn’t all hawkish talk - BBH

By FXstreet.com | June 13, 2014 AAA

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted some areas where Carney wasn’t as hawkish.



Key Quotes



"In fairness, Carney made other comments that mitigated in part his hawkishness, such as his assessment of the economic slack and the headwinds posed by sterling’s strength”.



“Recent data, including today’s construction spending report (April 1.2% vs. consensus of 1.5%) does not show the UK economy accelerating, but rather maintaining a robust expansion”.



“Nevertheless, his warning that the first hike could take place sooner than the markets had expected is being understood as the main message and likely signals that the minutes of this month’s BOE meeting (out next week) may show a more heated discussion."



comments powered by Disqus
Related Forex Analysis
  1. GBP/USD sitting pretty despite lower CPI’s
    Forex News

    GBP/USD sitting pretty despite lower CPI’s

  2. GBP/USD technical are mixed - Scotiabank
    Forex News

    GBP/USD technical are mixed - Scotiabank

  3. Still solid GDP growth - BNP
    Forex News

    Still solid GDP growth - BNP

  4. GBP/USD extends gains, nears 1.6100
    Forex News

    GBP/USD extends gains, nears 1.6100

  5. USDOLLAR Breaks October Downtrend, GBP’s GDP Rally Fizzles
    Forex News

    USDOLLAR Breaks October Downtrend, GBP’s GDP Rally Fizzles

Trading Center