Cable jumped 50 pips on the headline to a session high 1.6889. That headline is a screaming ‘buy’ under any circumstance.
Other comments from Mark Carney:
- Pound strength is a headwind to recovery
- Start of BOE rate increases is getting nearer
- Balance is needed for a durable UK recovery
- There are wide bands of view at the MPC about the output gap
- Pace of UK slack erosion to slow in second half
