European Session – Sterling plunges on dovish inflation report
Posted on November 12, 2014 at 3:16 pm GMTSterling was – as expected – the main focus of attention during today’s European trading as key employment statistics out of the UK, the publication of the Bank of England’s inflation report and Mark Carney’s press conference provided plenty of news to digest. Cable dropped to around 1.58 from above 1.59 before the day’s events and euro / pound climbed to 78.80 pence from just above the 78 pence level. Mark Carney’s statement that he was “more likely than not” [..]