Does it get any clearer than this if you’re a currency trader?
The Bloomberg red headline is the most powerful force in markets
That headline might as well be “BUY THE POUND NOW!!!”
That headline dropped at the exact moment of the World Cup kickoff and with London markets home for the day. That’s a puzzling time to make that kind of statement.
Carney is a master communicator so you have to assume he knew what he was doing here. Did he want to catch the market offguard? For a guy who is railing against pound strength he seemingly did everything he could to boost it.
Cable last at 1.6931.
