Gains extend to 180 pips today

Carney and the gang are continue to testify in Parliament and the overall tone is upbeat on the economy inflation despite the recent market turbulence.

The pound is soaring and has cut through the 50% retracement of the August decline and now through the 100-day moving average. The next level to watch is 1.5569, which is the 61.8% retracement of the Aug drop.