Cable closed last Friday around 1.6695 and has traded to 1.6730 in early interbank trade. Newspaper articles are quoting Mark Carney as saying that the BOE doesn’t need wage growth to start raising rates. Wage growth has been seen as the main drag on higher rates so these comments, if confirmed, are very relevant.
Looks like it might soon be time to start looking for dip-buying opportunities in GBP/USD. It’s August, so I’ll stay patient.