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”.



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