His speech was hawkish in the sense that there would be more interest rate increases. But again, there's something for everybody in his speech, including dollar bears.
To a large degree, Britain's weaker economic outlook has already been priced in since the August rate cut.
The yen is still soft across the board and I think interest rate differentials are still the driver there.
(It was) the focus for currencies and interest rate futures. The dollar is looking quite vulnerable.
The bank may start to soft-pedal its need for more rate increases down the road. So the Canadian dollar is coming down.