Sterling spikes on hawkish Carney comments

|By:, SA News Editor

"There's already great speculation about the exact timing of the first rate hike and this decision is becoming more balanced," says Carney in the annual Mansion House Speech. "It could happen sooner than markets currently expect."

The previous line is good for about an 80 pip spike in cable, now buying $1.6909, more or less its highest level since the financial crisis.

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