“Super Thursday” turned out to be anything but for GBP, with the inflation report sending the currency tumbling to trade half a percentage point lower against the EUR and USD and a full percentage point against JPY.
Senior Market Analyst Craig Erlam discusses whether the moves lower are warranted and what he thinks contributed to the sell-off which came despite the BoE warning that members would need relatively upside news on growth or inflation to consider voting for tighter policy.
Craig takes you through all of the key points from today’s event and gives his analysis on GBPUSD. He also follows up on his analysis of GBPJPY and EURGBP from the Super Thursday Preview video.
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