The GBP gained value against many currencies with the BOE meeting with the possibility of termination of the monetary expansion in near future and the possibility of an increase in interest rates.

BOE chief Carney’s speech indicating that BoE could go to increase on interest rates depending on Economic data in near future but pointing out that “Brexit’s emphasis on the negative impact on the British economy” led to the loss of bullish momentum.



Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.