Mark Carney said that this is not the time to raise rates. He contradicts three of his peers in the MPC that voted for raising the rates in the most recent rate decision. GBP/USD dropped sharply, some 70 pips and trades at 1.2675. Cable’s post-election low is 1.2640 and it works as critical support. Another [...]
The post Carney carnage: GBP/USD falls on rejection of rate rises appeared first on Forex Crunch.
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