Loads of rhetoric spouting forth but this was the only one that really mattered
Carney said the BOE had no target for GBP but were " not indifferent to the level of sterling"
Cue a rally with GBPUSD to 1.2255 and EURGBP down below 0.9000 briefly to post 0.8991 before the pound found willing sellers again.
Is the comment really a game changer? Not really. Is the market dancing on hot coals? Most certainly.
There does however seem to be a growing amount of demand in the GBP dips as one might expect after such rapid falls in the past week, ney months, or so and that should provide for good two-way business again.
I remain a rally seller nonetheless and will continue to job back in the dips.
Chill everyone. This Brexit saga has all got a long way to run yet.
