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GBP/USD slips despite hawkish BOE comments

A little earlier this morning the BOE chief economist, Huw Pill was talking over the news wires and for the most part his comments were hawkish and did not suggest a rate cut from the BOE might be imminent in June. However, despite those remarks, the Pound has not benefitted. In fact, it has just fallen to session lows, back underneath its 200 day moving average (now at 1.2541). The low seen so far has just been set at 1.2520. The move lower in the GBP/USD comes alongside a corresponding rebound in the EUR/GBP, back above the 0.8600 handle. The slight relapse in the Pound seems to have helped the FTSE 100 edge higher, even as the likes of the DAX and the CAC continue to lose traction. So, it seems the rather disappointing UK jobs report, released earlier is finally have an impact? 
 

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