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Central Bank Weekly: British Pound Carves Out Reversal Candles after BOE
The British Pound has been in near freefall since the middle of April, thanks in part to the machination of Bank of England Governor Mark Carney. After all, it was two months ago when he threw water on the idea that the BOE would hike rates in May, and indeed, as time wore out, no rate hike transpired. As evidenced by today, the BOE and Governor Mark Carney are still as significant factors for the British Pound as they were back in April when GBP-crosses topped. But if the past two months were marked by dovish influence, the June rate decision may have yielded a more hawkish outcome than anticipated; the BOE is the ... (full story)