GBPINR - Ways2Capital

GBPINR trading range for the day is 92.32-92.79. GBP dropped as investors questioned whether the Bank of England would raise interest rates in May following weaker-than-expected economic data.

Carney told that a May rate rise was not a given and that there were other BoE meetings later in the year.

Markets are now pricing in a 40 percent chance of a 25 basis point rise in May, down from an almost 70 percent chance before Carney spoke.

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