GBP Weaker given Carney's Dovish Comment
Updated
At first I thought Carney was very concerned with inflation and yet it seems he is more concerned with Brexit and given the BOE independence, they can divert from the original inflation target i.e. withstand more inflation or GBP weakened to smooth the Brexit experience.
Given his talk, I don't think the PM will reverse her tone.
Given his talk, I don't think the PM will reverse her tone.
Comment
1st leg of the trade is over. The market has mostly expected a Dovish Carney it seems...I missed his hint since previous speech emphasizing Brexit as the biggest problem instead of higher-than-targeted inflation.The next leg is the USD data, and honestly I'm not exactly confident it will be very strong for USD, I took 1/2 my trade at a loss for now.
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