British
Pound remains down ahead of Carney speech
Mar 11th 2015
GBP/USD declined below
$1.5050 during today trading session, after the decrease of U.K industrial and
manufacturing production. And the British Pound remains down ahead of Mark
Carney speech due on Thursday Mar 12th 2015.
In fact, BOE governor
has claimed that the decrease of inflation rates during the month of January
was due to the sharp fall of oil and energy prices. Accordingly the inflation
rates remained low and the interest rates remained unchanged at its record low
of 0.5 %.
On the other hand, the investors are looking
for clues on when the BoE will start raising its benchmark interest rates and
when the bank may leave the borrowing costs. So any positive comments form Mr.
Carney wound push the Sterling pound to recover again.
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