British Pound rises despite BoE Governor Carney's comments

2019-07-11 19:31:07 GMT (Economies.com)
British Pound rises despite BoE Governor Carney's comments

British pound rose against US dollar on Thursday, despite Bank of England Chairman Mark Carney's warnings.

 

Carney said that the failure to reach an agreement on Britain's exit from the EU meant that markets were subject to severe volatility.

 

Carney confirmed that his team at the Bank of England would lead the British economy to safety until the completion of the Brexit on October 31.

 

As for his nomination to succeed Christine Lagarde as the IMF managing director, Carney replied that he is currently focusing on his job and his role in the Bank of England, but that question should be asked later.

 

The markets today focused on the US Federal Reserve Chairman Jerome Powell's testimony before the Senate Banking Committee, in which he stressed that market confidence is shaken in the US economy, but when interest rate cuts were hinted, the economy partially recovered.

 

In terms of trading, by 19:05 GMT, GBP/USD rose by 0.2% to 1.2526, with the highest price at 1.2571 and the lowest at 1.2489.

 
 
 
  Symbol Last Change Chg.%
1.1254
-0.0019
0.1685%
1.2500
-0.0075
0.5984%
15.403
0.185
1.216%
59.444
-0.888
1.473%
66.58
0.08
0.12%
1413.015
-2.480
0.175%
 
 
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