It takes three (3) to Tango
GBPUSD GBPJPY & AUDUSD: The statement of BoE Gov. Carney's statements was no surprise as he only reiterated the timing that interest rates increase may be expected earlier than most have expected. The timing and with specific delivery concerns along side the rate's implementation and the housing market was more of our concern since the back-drop of a rate increase has always remained but have likewise been over-shadowed by the recent ECB rate cut decision.
Naturally this fueled CABLE to rally to its best performance of the week's trading activity by registering a high @1.6971 to this writing. And prices would remain high and we do not foresee any other related report that may counter the weight of these remarks and current market sentiments. With much of the analysis around the central banks moves just re-establishes our overview that certain currency re-alignments and trade re-balancing across-the-board on the basis of interest rates, inflation. employment / unemployment figures just to name a few. Click here
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