When the doves start to sound like hawks, the upside beckons
Derivatives traders weren't pricing in a BOE rate hike until at least May 2016 but Carney brushed aside soft inflation data and said the time for a rate hike is moving closer.
The pound is easily the top performer today, up 140 pips to 1.5627.
"The point at which interest rates may begin to rise is moving closer given the performance of the economy," Carney said. This is "counterbalanced somewhat by disinflation."
The gains continued after BOE super-dove Miles even got onto the hawkish bandwagon.
Offers are at 1.5650, 1.5680 and 1.5700-10 with stops above.
