GBPUSD Fluctuates on BOE Gov.’s Testimony – Carney Dispels Hard Brexit
Oct, 25th 17:12
GBPUSD vacillated strongly on Tuesday before, during and after the Bank of England Governor Mark Carney’s testimony before the House of Lords in London. The pair fell to intra-day low at $1.20812 – the lowest since October 7th, before reversed higher to pare its losses.
Speaking at the testimony, Carney pointed out that the recent moves in sterling seem to be based on “the market’s perception of what the potential relationship will be between the United Kingdom and Europe,”. “It’s a bit early to be making that judgment.”, he said.
The BOE Governor also reassured investors that the Brexit negotiation process will be pursued orderly and the government will attempt to “get the best deal possible”.
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