Outsider Puts Pressure on the Pound

He's an outsider: a Canadian in the U.K. He's not an elected official, and he won't assume office until June. Yet, this morning, incoming Bank of England Governor Mark Carney demonstrated why a Canadian may be the most powerful person in the U.K. In doing so, he may have inadvertently created an opportunity for those who want to enter a trade that we initiated on Real Money Pro last week.

Carney appeared today before the U.K.'s Treasury Select Committee, whose opening questions dealt with the reasons Carney accepted the job after his initial hesitance. He was pursued by George Osborne, the U.K.'s Chancellor of the Exchequer, and his coming term as head of the BoE was tailored to his needs, limiting his commitment to one five-year term as opposed to the usual two terms of four years apiece....367 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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