Currency Traders Jolted by Haldane as Pound Hogs the Limelight
- BOE dove turns hawk, says came close to voting for a rate hike
- Yen pulls back from Ichimoku cloud; commodity currencies drop
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The pound grabbed the center of the G-10 currency stage for a second day Wednesday, much to the chagrin of short-term traders, after remarks from Bank of England Chief Economist Andy Haldane contrasted sharply with the tone set by the bank’s Governor Mark Carney just the day before.
Sterling gained more than a cent before paring gains after the usually dovish Haldane told an audience that he came close to voting for a rate hike at the bank’s meeting this month, surprising those who bet against the pound as it plunged Tuesday. Resource-sensitive currencies fell to fresh lows as WTI oil declined to its lowest price since August, with the Canadian dollar, Australian dollar and New Zealand dollar all weaker against the greenback.