GBP has found small support on the back of Carney comments. GBPUSD now 1.6330 and EURGBP, 0.7795.
His message IS similar to recent remarks. However, guidance that the case for a rate increase has become more “balanced” seems to be striking some traders as less dovish than expected given the recent political and economic backdrop across Europe.
RTRS – BOE’S CARNEY – JUDGEMENT ABOUT WHEN TO RAISE RATES HAS BECOME MORE FINELY BALANCED IN RECENT MONTHS
RTRS – BOE’S CARNEY – RATE RISES LIKELY TO BE LIMITED AND GRADUAL DUE TO WEAK EXPORT DEMAND, HIGH PUBLIC AND PRIVATE-SECTOR DEBT
RTRS – BOE’S CARNEY – NO PRE-SET COURSE FOR RATES, TIMING DEPENDS ON DATA