GBP Minutes Prove Strong

The GBP MPC minutes were released this morning at 4:30 am. The minutes entail a voting cast of the members views on a possible rate hike in the near future. The previous vote cast was 9-0 kill, 9 against a rate hike and no one in favor for a hike. This morning's minutes were expected to have a vote of 7-2, 7 against and 2 in favor. However, the actual figure was 5-4, giving traders hope for a possible rate hike and driving the GBP up across the board. The 5-4 was not only surprisingly but extremely hawkish, hinting a possible rate hike in July.

The View:
GBP Moves up Over 100 pips