Why did GBP Rise on Carney's Guidance?

by Ashraf Laidi

Aug 7, 2013 13:36

The Bank of England has finally introduced a 7% unemployment threshold as part of its forward guidance, implying that monetary policy will not be tightened unless the ILO measure of unemployment nears 7% from its current level of 7.8%. So why did GBP rally on the news and Carney's testimony? Full chart & analysis

Click To Enlarge

Latest IMTs

• Dollar Cannot Wait for Q1 to End
  by Ashraf Laidi | Jan 6, 2026 12:40
• Silver's Signal to Gold Full Explanation
  by Ashraf Laidi | Dec 30, 2025 20:04
• Gold Silver Next الذهب و الفضة
  by Ashraf Laidi | Dec 26, 2025 17:15
• Everyone's Talking about this Risk
  by Ashraf Laidi | Dec 24, 2025 14:08
• 2026 Difficult but not Impossible
  by Ashraf Laidi | Dec 22, 2025 20:06