Just when you thought it was safe to buy sterling, Carney sparks another currency dump, sending cable to a 1.30 handle for the first time since September 1985…
Cable is now 400 pips below its post-Brexit bounce highs
BoE Governor Carney’s 3rd appearance in 12 days sparked today’s carnage…
“There is the prospect of a material slowing of the economy,” the Bank of England governor said at a press briefing in London on Tuesday, after the central bank published its semi-annual Financial Stability Report. “The number of vulnerable households could increase due to a tougher economic outlook.”
Not helped by the beginning of investor panic over UK property fund redemptions.
via http://ift.tt/29mpOSc Tyler Durden