All this matters less for sterling than Brexit negotiations, leaving GBPUSD increasingly range bound until we get a clearer steer on what sort of trading arrangement Britain and the EU is to strike. That could be a long time coming."
Cable fell through the $1.27 handle to touch on $1.267 with investors seeing the tone as indicative of the Bank’s desire to leave rates on hold for as long as it can.
Carney's dovishness should "hardly be a surprise, given his given his record of favouring looser monetary policy, but it does reiterate the MPC’s preference for looking through the current high levels of inflation for the time being".
Cable fell through the $1.27 handle to touch on $1.267 with investors seeing the tone as indicative of the Bank’s desire to leave rates on hold for as long as it can.
Carney's dovishness should "hardly be a surprise, given his given his record of favouring looser monetary policy, but it does reiterate the MPC’s preference for looking through the current high levels of inflation for the time being".