The Pound
versus the Dollar falls close to the 1.4100 level after the governor of the
Bank of England, Mark Carney, said that the central bank is way too off before
raising its interest rates. This has caused the Pound to give back its gains
versus the Dollar and loses ground versus 31 other currencies. According to
Carney, the drop in oil prices has kept inflation low in the UK, and that the
British economy is still very weak. Therefore, the GBP/USD may try to visit the
1.4100 level.
Great assessment. I'll keep a close eye on the currency.
ReplyDeleteGBP/USD reached 1.4125 today and I doubt that's the end of the move to the downside.
ReplyDeleteGood point, I'll keep it in mind!
ReplyDeleteVery useful analysis, thank you.
ReplyDeleteGood insight.
ReplyDelete