BOE’s Bailey: Still likely we will increase interest rates further

…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]

Bank of England Governor Andrew Bailey comments on the monetary policy as he testifies before the UK Treasury Select Committee on Wednesday.

“UK labour market remains very tight as the latest data show.”

“Still likely we will increase interest rates further.”

“Most of the UK-specific risk premium in markets has gone, but not zero.”

The Pound Sterling is losing some interest following these comments. As of writing, the GBPUSD pair was trading at 1.1865, where it was up only 0.05% on a daily basis.

[/s2If]
Join Our Telegram Group