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Mark Carney and MPC appearing before Treasury Select COmmittee

FXStreet (London) - Members of the Bank of England monetary policy committee (MPC) are currently appearing before the Treasury Select Committee answering questions following the BoE’s February Quarterly Inflation Report.

Witnesses: Mark Carney, Governor, Bank of England, Dr Ben Broadbent, Deputy Governor, Monetary Policy, Bank of England, Professor David Miles, Member, Monetary Policy Committee, Bank of England and Dr Martin Weale, Member, Monetary Policy Committee, Bank of England.

Eurozone consumer price index data ignored by EUR/GBP pair

The growing deflation in the Eurozone showed by the official data released did not have any impact on the EUR/GBP pair, which continues to trade around a new seven-year low of 0.7315 set earlier today.
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GBP/USD: stronger USD risks additional slides – FXStreet

Valeria Bednarik, Chief Analyst at FXStreet, explains that with USD strengthening across the board risks are building for additional slides in GBP/USD, with the pair supported in the short-term at 1.5425 levels.
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