Carney Does It Again! | Forex Blog: Piponomics: "To set things straight, the BOE head flat out said that there won't be any rate hike until unemployment hits 7%. He also threatened to launch more stimulus measures if premature rate hike expectations get in the way of the recovery.
Pretty dovish words, eh? This explains why GBP/USD sold off immediately after Carney's initial remarks. But the pair very quickly pared its losses. In fact, it rose over 100 pips in just a matter of minutes!"
'via Blog this'
