Carney crash: GBP free falling as BOE warns on rate

Mark Carney certainly left his mark: the BOE didn’t change policy but released a very strong statement warning that the rise in market rates isn’t warranted.

GBP is crashing with GBPUSD at 1.51 and EURGBP at significant highs.

Update: also the ECB follows with providing more details: it sees interest rates staying low for a long time. So, EUR/GBP is now moving lower.

GBP/USD doesn’t stop and it is already at 1.5060.

For levels, analysis and more, see the GBP/USD forecast.

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. Yohay's Google Profile

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