Yesterday [24 June] Mark Carney's doveish remarks at Treasury Committee - particularly the emphasis on weak nominal wage growth - caused the yield curve and Sterling to fall. This was but 12 days since his Mansion House speech, where, surely knowing the effect his words would have, he pointed out that rates could rise sooner than expected, causing the yield curve to tighten and Sterling to rise.
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Governor: no more cheap yield curve talking…
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Yesterday [24 June] Mark Carney's doveish remarks at Treasury Committee - particularly the emphasis on weak nominal wage growth - caused the yield curve and Sterling to fall. This was but 12 days since his Mansion House speech, where, surely knowing the effect his words would have, he pointed out that rates could rise sooner than expected, causing the yield curve to tighten and Sterling to rise.