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Will Carney cause carnage to the pound? [Video]

Following the big Brexit shock, BOE governor Mark Carney sent signals about stimulus now in July and further stimulus in August. The Bank needs to balance between providing support to the economy while not causing panic. The tools available now are a rate cut, more QE and also forward guidance. We examine the options and the implications for the pound.

Video preview of the big BOE decision:

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.