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GBP IN VOLATILE MARKET

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GBP IN VOLATILE MARKET

Nov 25 2014, 11.40am GMT

STOCK.com

As Mark Carney and other Bank of England figures appear before Committee, GBP is awash with volatility.

The British pound is tracking peaks and troughs continuously so far today around the 1.5679 mark against the US dollar. This is on the apprehension of governor Mark Carney’s speech to the lawmakers of the Treasury Select Committee today. Hoping to hear fresh direction to the position of UK GDP, traders are swinging the pair into a volatile mood.

It is reported by the Bank of England that the Committee will hear from Sir Jon Cunliffe, Kristin Forbes and Ian McCafferty as they give evidence on the November Inflation Report.

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