European Session – Sterling deflated as Carney lessens likelihood of early rate hike
Posted on January 24, 2014 at 2:42 pm GMTDespite the lack of data, there was volatility in the currency markets today. The euro and the pound did well in the first half of the European session before giving up gains against the dollar. The yen retained its strength mainly due to safe haven flows as risk sentiment was still down following a series of weak data out of the US and China on Thursday. The euro was unable to remain above the key 1.36 level which it breached [..]