Bank of England’s Carney Says Economy Moving Closer to Rate-Increase Point

May 14, 2014 by

Carney is currently speaking about the UK economy and has stated that they will look to increase rates but only when the economy has got far enough back to normal. He also spoke about the heating Housing market stating that monetary policy is not the right tool for capping it and is the last line of defense against financial stability risks. All in all it was pretty much expected what he said, and we saw GBPUSD push lower to take stops out below 1.6790 where the below trendline comes in. I personally feel this is a great dip to get long and am doing so with my stop below 1.6750.