Pound Starts Week Mixed as Traders Wait for Carney

The Great Britain retreated versus the euro today after six consecutive sessions of gains. The currency remained stable against the US dollar and continued to rally versus the Japanese yen.

The Bank of England surprised market participants last week, signaling that an interest rate hike may be near. Now, traders wait for the speech of BoE Governor Mark Carney in Washington scheduled for 15:00 GMT today, hoping to hear additional information about plans of the central bank. Some market analysts argued, though, that a hike is already priced in, therefore even if Carney confirms it the sterling is unlikely to profit from such confirmation.

GBP/USD traded near its opening level of 1.3561 as of 9:08 GMT today. GBP/JPY rallied from 150.58 to 151.05.

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