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Talking Points:

- The British Pound[1] slumped hard late in yesterday's session following comments by BOE Governor Mark Carney. - The BOE chief's remarks saw May rate hike odds from from near 85% to 52%. - Sentiment for the British Pound[2] is now neutral. For longer-term technical and fundamental analysis, and to view DailyFX analysts’ top trading ideas for 2018, check out the DailyFX Trading Guides[3] page. The US Dollar (via the DXY[4] Index) has extended its run of gains this week, on pace for its fourth consecutive day in the black amid a rise in US Treasury yields. USD/JPY[5] continues to push higher despite US equity markets stalling, while EUR/USD[6] has slipped back to trendline support dating to April 2017, the pivot lows seen before the first round of the French elections.But the biggest mover over the past 24-hours has been the British Pound. Following Bank of England Governor Mark Carney's comments yesterday, overnight index swaps' implied probability of a rate hike next month dropped from near 85% to below 50% yesterday.The BOE chief noted that there has been weakness in some recent data, all of which has come across the wires in the past week: the bevy of price data - CPI, PPI, and RPI - all came in softer than anticipated; despite the unemployment rate remaining at multi-decade lows, jobs growth and wage growth are uneven; and retail sales figures missed expectations.What was once seen as a sure thing is now being drawn into question. Fellow BOE policymaker Michael Saunders' remarks earlier today has helped stabilize rate expectations, with OIS now pricing in a 52% chance of a

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currensceneFLOGO WHTsquareThough not the oldest form of currency, some form of shell money appears to have been found on almost every continent. The shell most widely used worldwide as currency was the shell of Cypraea moneta, the money cowry.

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