OctaFX | OctaFX Forex Broker
Open trading account

GBP/USD starts bullish on BoE's Carney headlines

FXStreet (Bali) - GBP/USD is correcting higher in early trade, posting a session high of 1.6730 before retracing towards 1.6715 following some hawkish headlines by BoE's Governor Carney over the weekend.

Carney threw some cold water to those getting too bearish on the British Pound, by saying that the BoE would not necessarily wait for real wages to turn positive before starting to hike rates.

From an order flow perspective, the headlines have the potential to kick-start an intraday recovery in the Cable, with some considerable void area to be filled before finding too much selling interest towards the 1.68-6850, area where the latest big sell-off originated. If a pick up in prices is seen, given the sustained selling seen in recent weeks, it will probably be perceived as an opportunity to short, with the main downside target found towards the 1.66 round number, next key demand.

Fed's Bullard: Market trading too dovishly compared to the committee

St. Louis Fed President James Bullard sounded quite optimistic on the prospects of a tighter Fed, even suggesting that markets were making a mistake in their current low cautious forecasts.
Read more Previous

Russia, Ukraine agree to let Russian 'aid' vehicles in - ICRC

Ahead of Sunday's meeting between Russia, Ukraine, Germany and France Foreign Ministers, centered around the Ukraine-Russian conflict, with hopes for a political solution being distant, Reuters reported over the weekend that Ukraine would allow Russia 'aid' vehicles through.
Read more Next
Start livechat