- Doing his best to shake up currently dead volatility in foreign exchange, Bank of England Governor Mark Carney - days after suggesting markets aren't pricing in rate hikes soon enough - says the U.K. economy still has spare capacity needing to be filled before higher rates are needed.
- He also assures any hikes are likely to be gradual and limited.
- Cable quickly slipped from about $1.7030 to $1.6970 on his remarks and is currently lower by 0.2% on the session to $1.6991.
- ETFs: FXB, GBB