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Carney’s comments helped GBP – Danske Bank

FXStreet (Edinburgh) - Senior Analyst Morten Helt remarked the recent recovery of the sterling following Carney’s appreciations over the weekend.

Key Quotes

“Last night, Bank of England Governor Mark Carney, in an interview with Sunday Times, said that the central bank could hike rates before wages start to increase”.

“‘We have to have the confidence that prospective real wages are going to be growing sustainably before raising borrowing costs but we don’t have to wait for the fact of that turn to raise them’, he said”.

“GBP strengthened on the comments against all G10 currencies overnight and EUR/GBP initially dipped below 0.80 earlier this morning”.

GBP/USD got another life from Carney, above 1.6720

GBP/USD gapped higher at the open on Carney interview, and is still trading around 1.6720 area at the moment.
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