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Intraday Market Thoughts

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Sterling's Looming Breakout

by Ashraf Laidi

Nov 26, 2012 18:09

Sterling traders were distracted by todays surprise appointment of Mark Carney to the helm of the Bank of England. The former head of the Bank of Canada (& ex- Goldman Sachs banker) is known for his hawkish approach to monetary policy and hard currency inclination. More GBP charts analysis on here: http://www.cityindex.co.uk/market-analysis/market-news/2807662012/sterlings-looming-breakout/

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Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R (1 year ago)
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