Carney’s hawkish tone boosted GBP – Danske Bank

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Edinburgh) - BoE's M.Carney left the door open for a sooner-than-expected rate hike, according Morten Helt, Senior Analyst at Danske Bank.



Key Quotes



“Bank of England Governor Mark Carney last night delivered a hawkish speech at the annual black tie Bankers and Merchants Dinner in London”.



“He warned that the UK should prepare for an interest rate rise, saying the first increase “could happen sooner than markets currently expect”.



“GBP has gained more than 0.7% against both USD and EUR overnight following the statement from Mr Carney”.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Exit GBP/USD longs below 1.5640 - Vladimir Mihaylov

  2. Forex News

    GBP/USD steadies above 1.56 handle

  3. Forex News

    GBP/USD Technical Analysis: Treading Water Above 1.55

  4. Forex News

    GBP/USD contained in familiar ranges and illiquid

  5. Investing

    GBP/USD: 2015 Forex Forecast

Trading Center