Currency Analyst since 2010

BOE Carney: first rate hike is closer

The Bank of England’s Governor Mark Carney said that:

-          The point at which interest rates start to rise is getting closer.

-          Timing of the hike depends on the economic data.

-          Rate rises likely to be limited and gradual due to weak export demand and high public and private debt

GBP/USD recovered from $1.6280 to $1.6330.

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