- did not consult MPC directly prior
- was his speech
- views were consistent with MPC view from last meeting
As if by magic.. You reckon the TSC has got ForexLive on their desks ? lol
GBPUSD up a tad to 1.6983
- purpose of comments was intended to get market to revise expectations on rate rise to adjust in line with data
- time to normalize interest rates is edging closer as economy progresses
Carney was understandably asked to clarify his reasons for making the comments and was clear that they were deliberately aimed at markets to revise expectations
Dep gov Bean:
- MPC were all struck by market’s high degree of certainty about timing of first hike before MS speech
GBPUSD 1.6991 finding a few buyers on the responses