Where's the pound going after Carney finishes the inflation report meeting?
I'm inclined to think that there's nothing here that should upset the recent rally and that once the chatter has stopped we could resume the trend higher. We're currently at the levels we were before the jobs report and there's nothing too dovish coming from him.
Even the comments on the quid are old hat and they're not going to change policy just for the currency. We've often seen the market tread water over these events until the last comment has been made and then we get back to what we were doing beforehand.
So far support at 1.5630 has caught the fall and if we stay above then the upside beckons
GBPUSD H4 chart
