Mark Carney presents the inflation report by the BOE and repeats the main points. Regarding the all important timing of the first interest rate hike, he says it is all dependent, just like the Fed repeats again and again.
The pound remains depressed after the big blows. Only one member voted for a hike and the Bank talked about the strength of sterling as a worry regarding inflation. GBP/USD is up from the lows and eventually moves above 1.55.
Read the rest of the article Carney copies “data dependent” phrase – GBP/USD climbs from the lows