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BoE's Carney: No specific threshold for wage growth

FXStreet (Łódź) - In the Q&A part of Carney's press conference the central bank head suggests that the MPC has no specific threshold for wage growth.

• The MPC will continue observing a range of data.

• The expectations for productivity slack acceleration was over-optimistic.

• MPC's view of 1% slack very uncertain.

• Strength of the pound is hurting exports.

GBP/USD crumbles after BoE QIR

The GBP/USD slumped to fresh 2-month lows as soon as the Bank of England Quarterly Inflation Report was released and as Governor Carney speaks.
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Romania Trade Balance: €-0.555B (June) vs previous €-0.535B

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