XE Market Analysis: British Pound Jumps on Carney’s U-Turn

OVERVIEW Central bank speak has dominated the markets today causing some large swings in the Euro, the Pound, and the Canadian Dollar. Eurozone central bank sources told Reuters the market had overinterpreted comments from ECB President Mario Draghi yesterday. Nationwide reported UK house prices rose 1.1% in June, the biggest jump since April 2015 that pushed annual price growth up to 3.1%. U.S. pending home sales unexpectedly fell 0.8% in May, the third straight monthly decline.

Source: XE news feed
XE Market Analysis: British Pound Jumps on Carney’s U-Turn