There’s already great speculation about the exact timing of the first rate hike and this decision is becoming more balanced. It could happen sooner than markets currently expect,” Carney said Thursday in the annual Mansion House speech. He also said the size and pace of future interest-rate hikes are more important than the timing of the first hike.
The pound GBPUSD +0.2175% jumped to $1.6968 from $1.6906 late Thursday. It earlier rose as high as $1.6993, which was the highest level in nearly five years, according to FactSet data.
The pound GBPEUR +0.2886% also jumped against the euro, fetching €1.2537 from €1.2497 late Thursday.
The dollar USDJPY +0.3387% rose to ¥101.02 from ¥101.65 late Thursday.
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