Today is Sun, November 19, 2017 13:17:12 GMT
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Currencies AUD British Pound Gains as Carney Talks Up Interest Rate Hike Timeline

Talking Points:

  • British Pound Stronger as BOE Governor Carney Talks Up Rate Hike Bets
  • Yen May Decline as Aussie and NZ Dollars Rise on Firming Risk Appetite
  • See Economic News Releases on Your Charts with the DailyFX News App

The British Pound outperformed to start the trading week, rising as much as 0.3 percent on average against its leading counterparts. The move followed supportive comments from Bank of England Governor Mark Carney made in an interview with the Sunday Times published over the weekend. Carney said the economy is “much more than halfway” to full economic recovery and argued interest rates may have to rise before wages, seemingly contradicting rhetoric released in the quarterly Inflation Report just last week.

The economic calendar is quiet in European and US trading hours, hinting risk sentiment trends may dominate as the driver of currency market price action in the near term. S&P 500 and FTSE 100 futures are pointing firmly higher in late Asian trade, hinting at a “risk-on” mood. This bodes well for the sentiment-linked Australian and New Zealand Dollars. Meanwhile, the safe-haven Japanese Yen may face selling pressure.

Asia Session

European Session

Critical Levels

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