CURRENCY ANALYSIS - GBP/USD OUTLOOK : The BoE's major concern is a lack of wage growth
Mark Carney, Governor of the Bank of England (BoE), turned from a hawkish to dovish tone last week. Just a few weeks back, Mark Carney stated that interest rates could rise later this year. Mark Carney went back on his words and stated there still exists a lot of uncertainty in the UK economy. This led to the decline of the pair from near 6-year highs.