Bank Of England Governer Explains His Comments On The Markets

If you are a currency trader, you need to watch the comments or statements made by the central bank executives very careful. A few days back Bank of England said in a press conference that he will be raising the interest rates sooner than expected. This statements sent GBP/USD jumping 200 pips higher and the market was very bullish on GBP. But then BOE Governor got criticized by the lawmakers in the House of Commons and he toned down his interest rates increase with the comments that it will be data driven, gradual and limited. This statement sent GBP/USD tumbling down. So watch every word spoken by the central bank presidents.

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