Why did GBP Rise on Carney's Guidance?

by Ashraf Laidi

Aug 7, 2013 13:36

The Bank of England has finally introduced a 7% unemployment threshold as part of its forward guidance, implying that monetary policy will not be tightened unless the ILO measure of unemployment nears 7% from its current level of 7.8%. So why did GBP rally on the news and Carney's testimony? Full chart & analysis

Click To Enlarge

Why did GBP Rise on Carney's Guidance? - Ukus10 Yr Yields Aug 7 (Chart 1)

Previous Next Archives

Latest IMTs

Updating GoldBugs تحديث مناجم الذهب
by Ashraf Laidi | Jun 16, 2025 13:58
Breaking Debt Ceiling & Forex Brokers
by Ashraf Laidi | Jun 6, 2025 17:33
Recession Metric & Tariff Marsh
by Ashraf Laidi | May 26, 2025 13:47
Bitcoin Maths رياضيات بيتكوين
by Ashraf Laidi | May 12, 2025 0:10
Gold Correction or Breakdown
by Ashraf Laidi | Apr 25, 2025 14:56

Subscribe to Ashraf's Newsletter

Email:

twitter.com/alaidi

Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R (2 years ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7 (2 years ago)
The last time both #DXY and #XAUUSD fell by more than 2% this this rocketed higher... https://t.co/ekcYnGzWae… https://t.co/J0fe60fPCK (2 years ago)
The last time both #DXY and #XAUUSD fell by more than 2% this rocketed higher... https://t.co/ekcYnGzWae #forex… https://t.co/8mmAFLfXhI (2 years ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo (2 years ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟ موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق https://t.co/Y7tD0RxCS2 @XM_COM (2 years ago)
Moving the goalposts? Trend vs Trendline: Gold, DXY, Yields https://t.co/htxZzKjl7U #forex #XAUUSD $GLD $TNX https://t.co/NE7mSpN2wq (2 years ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (2 years ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (2 years ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW (2 years ago)

Latest Hot-Chart - May 29

Gold Week & Daily سأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات - Will send a detailed note on the latest technical parameters to our WhatsApp Bdcst Groups - -... View Hot-Chart..

Premium Content

21-yr Intermarket Charts - 7 indices 11 currencies 14 commodities Chart

21-yr Intermarket Charts - 7 indices 11 currencies 14 commodities Interactive charting by instrument, chronological and alphabetical order. This enables organizing each individual commodity, currency or equity index' performance by magnitude or chronological order. View..