Forex news, data and trading headlines 22 July 2015
The BOE
The European session snapped into action when I found an article from departing BOE and MPC man David Miles tucked away in the bowels of the interwebs. There wasn’t anything really different from his prior comments last week but the story ended with a line insinuating that he would not go meekly into the night at the end of his tenure, having never voted for a rate change. Once the rest of the market caught up with the story the pound saw it as a hawkish remark, and coming a few hours before the MPC minutes decided that the risk of a change in the voting pattern had increased anGBPUSD popped a quick 40 pips to 1.5613. As other traders caught up we then moved to 1.5625 before settling ahead of the actual release