OANDA MP – GBP Plummets Ahead of Carney (Video)

Senior Market Analyst Craig Erlam discusses the possible causes of the drop in the pound this afternoon and talks about today’s other key economic events.

Pound Drops Sharply Ahead of Carney Testimony

USD/CAD – Soft Canadian Dollar Above 1.33, US Consumer Confidence Next

Carney Speech Eyed for More Than One Reason

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.