Earlier this morning, we saw Bank of England’s Mark Carney introduce forward guidance to UK monetary policy alongside it’s inflation report.
While the FTSE is down 0.6%, the sterling seems to love the news.
The GBP was at $US1.5304 ahead of the announcement. Immediately after Carney introduced forward guidance the GBP fell to to $US1.5205 immediately after the announcement, but has since climbed to $US1.5438.
Here is a chart from Fin Viz showing how the GBP performed:
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