The incoming governor Mark Carney may well provide an excuse for
traders to shove sterling lower against the US dollar in the near term.
Mr Carney has a wave of expectation that suggests he is going to begin
his tenure with something fairly exciting to boost the UK economy.
More QE might be a start, but a key element for GBP/USD will be the battle of appearances, namely that the Bank of England is looking to ease policy once again while the Federal Reserve edges towards a tightening of policy.
More QE might be a start, but a key element for GBP/USD will be the battle of appearances, namely that the Bank of England is looking to ease policy once again while the Federal Reserve edges towards a tightening of policy.
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