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.

Get the 5 most predictable currency pairs

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