# Carney's Speech draws to a close, remaining headlines and a firm pound as the outcome — Octa

> Bank of England Governor Mark Carney told a House of Lords committee that wage growth is gradually firming, particularly in the private sector, and that the inflation target remains fit for purpose. He also said the economy is nearer full capacity, which makes the pace of returning inflation to target a more conventional decision. The pound was supported during the session while the dollar regained some ground.

- Date: 2018-01-30 · published 2018-01-30T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/67237-carney-s-speech-draws-to-a-close-remaining-headlines-and-a-firm-pound-as-the
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Signals of faster UK wage growth and a path toward rate hikes support sterling, which affects the dollar-denominated cost of imported feed for UK buyers. The impact on commodity prices is limited.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/535333/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.