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

    GBP/USD likely to remain in the low 1.40’s for most of 2015 – BAML

  2. Forex News

    GBP/USD Technical Analysis: Range Bottom Back in Play

  3. Forex News

    GBPUSD: Bearish below 1.4985 - 2ndSkies

  4. Forex News

    Top Events this Week Include EZ CPI, Canadian GDP, and US NFPs

  5. Forex News

    What's next? Dollar retakes its rate beliefs; USDJPY jumps 100 pips

Trading Center