Sterling rallies after Carney comments by Milan Cutkovic

  • Carney: Point at which rates begin to normalise getting closer, timing will depend on data
  • Carney: When rates do begin to rise, increases likely to be gradual
  • Carney: Wage growth is current very weak, some leading indicators point to modest pick up over coming quarters
  • GBP/USD rallied above 1.6150 on those comments
  • Ran into decent selling interest
  • Bias is still to sell into any 70-100 pips rally ahead of the Scottish referendum

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