Western Union notes:
Sterling dipped back below a key level against the greenback after the governor of the Bank of England was mum on interest rates in a speech last night.
Those looking for a bullish catalyst for the pound from Mr. Carney's Mansion House speech were disappointed, causing them to pull some profit off the table, weakening sterling in the process.
Sterling may struggle to hold a gain until the U.K. economy looks sturdier and the Bank of England (BOE) seems closer to raising interest rates.
