GBP recap post-BOE

As I said in my original post after the announcement the dovish tone of the statement has caught many by surprise, although there was plenty of conjecture prior that Carney would want to stamp some sort of prescence from the off.

I went on record as saying he might keep his powder dry but that wasn’t to be. My bearish GBP outlook overall though has been consistent on these pages.

GBPUSD has smashed through barrier support at 1.5100 to post lows of 1.5074. EURGBP has taken out the sellers at 0.8600 and triggered stops to 0.8633

Elsewhere the story is a similar one . GBPCHF down to 1.4281. GBPJPY 150.29 GBPAUD 1.6504

Now we wait to see what Mr Draghi delivers.

Featured Videos