Investing.com –The pound fell below $1.27 Monday as Bank of England (BoE) chief Mark Carney warned against rate hikes.
Carney explained that the surprise dissent of three BoE members last week was due to different views on the outlook.
However, the BoE governor clearly explained that his view was that “now is not yet the time to begin that adjustment.”
Cable hit intraday lows after the remarks at 1.2670 and was last down 0.38% at 1.2691 by 5:02AM ET.
EUR/GBP extended gains and was up 0.43% at 0.8788, while GBP/JPY dropped 0.30% to 141.61.