Out on reuters from a newspaper interview

GBPUSD surges to 1.6100 35

EURGBP down to 0.8380 61, ahead of barrier option suppport at 0.8350

Currently 1.6101 and 0.8377

I’m trying to find more on the story


  • quote made in interview with Yorkshire Post newspaper
  • says he would consider more stimulus should the UK recover falter

But my personal view is given the recovery has strengthened and broadened, I don’t see a case for QE and I have not supported it

A strange way of delivering a keynote quote but has certainly had the bears running for cover in a rush in thin pre-European liquidity

Currently 1.6097 and 0.8381