Bank of England Carney: households acting more in response to wage squeeze

More comments from Future Forum panel

BOE Carney:

• Households acting more in response to current wages squeeze then fears about Brexit outcome
• whatever happens on Brexit, the BOE will be nimble enough to control inflation while supporting the economy
• some of most important risks to the UK relate to Brexit
• it matters what Brexit deal Britain gets, and when it gets the deal

Looking at the 4-hour chart the GBPUSD trades above a trend line at 1.3192 currently. The high did extend to 1.3207 - short of the high for the week at 1.3113 and the 61.8% of the move down from the end of October high at 1.32125.

Can the buyers keep control and push with more momentum? Risk is the trend line or further lower, the 200 bar MA on the 4-hour chart at 1.31784 for the bulls/buyers.