European Session – Sterling falls after BoE Carney’s comments
Posted on June 24, 2014 at 1:38 pm GMTSterling was the biggest mover today after weakening on Bank of England Governor Mark Carney’s less hawkish stance on monetary policy at a testimony in front of the Treasury Committee today. Carney remarked that there were little wage or inflationary pressures in the UK economy and that spare capacity will need to be absorbed before rates rise. His comments were not as hawkish as those made earlier this month at Mansion House when he signaled rates could be hiked this [..]